Stanley Furniture announces agreement to sell substantially all of its assets [Reuters]
HG HOLDINGS INC (STLY)
US:NASDAQ Investor Relations:
stanleyfurniture.com/investor-relations/at-a-glance
Company Research
Source: Reuters
Stanley Furniture Company Inc (STLY.OQ) Key Developments | Reuters.com Nov 20 (Reuters) - Stanley Furniture Company Inc ::Stanley Furniture announces agreement to sell substantially all of its assets.Stanley Furniture Company Inc - ?company does not intend to liquidate following closing of transaction?.Stanley Furniture Company Inc - ?has entered into an agreement to sell substantially all of its assets to Churchill Downs Llc?.Stanley Furniture - ?deal for $11.5 million in cash, $4.6 million subordinated secured promissory note of buyer, 5 % equity interest in buyer's post-closing parent co?.Stanley Furniture Company Inc - ?Stanley also announced that its board of directors elected Steven A. Hale II as chairman of board?.Stanley Furniture Company - ?upon signing of agreement, buyer delivered into escrow a $750,000 deposit towards $11.5 million cash consideration for sale?.Stanley ?- if buyer unable to obtain financing or agreement is terminated for certain other reasons, co entitled t
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