Greystone submits $13.5M bid for some assets of loan Fabrics

Andrews, Susan M.
June 2007
Furniture/Today;6/11/2007, Vol. 31 Issue 39, p52
Trade Publication
The article reports that Greystone Private Equity, an arm of Greystone & Co., has proposed a bid of $13.45 million for some assets and real property of Joan Fabrics Corp in the U.S. According to Joan Fabrics' attorney Daniel Bleck, the purchase agreement of Greystone does not include the contract fabric business of the company. He stresses that the bid is only for non-operating assets and not for business operations. Final auction is scheduled on June 26, 2007.


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