TITLE

Corinthian bids to acquire assets of PeopLoungers

AUTHOR(S)
Engel, Clint; Gunin, Joan
PUB. DATE
July 2007
SOURCE
Furniture/Today;7/16/2007, Vol. 31 Issue 44, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that upholstery maker Corinthian Inc. has bid to purchase the assets of motion specialist PeopLoungers Inc., which filed for Chapter 11 bankruptcy protection early in 2007. PeopLoungers has opted for what is called a 363 auction of its assets, which could generate additional bids. If Corinthian succeeds in the acquisition, the plan is to continue using the PeopLoungers name.
ACCESSION #
25798050

 

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