Sleep Country gets bid

Knell, Michael J.
August 2008
Furniture/Today;8/18/2008, Vol. 32 Issue 49, p1
Trade Publication
The article reports that Birch Hill Equity Partners Management Inc. and Westerkirk Capital Inc. bid to buy Sleep Country Canada Income Fund. The deal approximately rates at C$356 million from C$22 in cash per unit. According to Scott Anderson, chair of the independent committee, the offer will provide a strong value for unit holders and opportunities for the board of trustees. However, unit holders have the right to disapprove the offer that will lead to a termination fee of C$7.75 million.


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