TITLE

Court approves sale of Shermag to Bermex

AUTHOR(S)
Knell, Michael ].
PUB. DATE
August 2009
SOURCE
Furniture/Today;8/17/2009, Vol. 33 Issue 47, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the approval of the sale of Shermag Inc. to Groupe Bermex by the Québec Superior Court in Quebec. It discusses the deal between the two companies wherein Bermex will provide $1.25 million Canadian to finance Shermang's plan of arrangement to present to its creditors under the Company's Creditors Arrangement Act (CCAA). Moreover, under the deal, Bermex will also receive about 70% of Shermag's outstanding common shares.
ACCESSION #
43882850

 

Related Articles

  • Bermex beefs up line. Knell, Michael J. // Furniture/Today;11/16/2009, Vol. 34 Issue 10, p1 

    The article reports on the plan of Groupe Bermex to reopen 13 factories of Shermag Inc. throughout Quebec and New Brunswick. It notes that Bermex regards itself as one of North America's largest furniture resources upon its acquisition of Shermag and its Jaymar Furniture Co. division. According...

  • Shermag earnings fall 33.8%.  // Furniture/Today;3/25/2002, Vol. 26 Issue 29, p58 

    Reports the financial performance of Shermag Inc. in the U.S. in the fiscal third quarter. Decline of net revenues; Reduction of earnings; Total amount of revenue.

  • Shermag swings back into business. Combs, Heath E. // Furniture/Today;11/16/2009, Vol. 34 Issue 10, p30 

    The article reports that Shermag Inc. has swung back to business after its acquisition. The company will still offer traditional looks but will also introduce contemporary and modern designs. It notes that the company was acquired by Groupe Bermex having its furniture division BDM+ as Shermag's...

  • It's `all you can eat' in deal funding. Rock, Robert H. // Mergers & Acquisitions: The Dealermaker's Journal;Nov/Dec94, Vol. 29 Issue 3, p5 

    Discusses the availability of funds in the mergers and acquisitions (m&a) market. Opening of dealmaking; Trends of bank acquisition financing; Competition among banks for lending acquisition ventures; Entry of investment banks in financing acquisitions; Forecast on the availability of funds for...

  • A real-world focus in calculating terminal values. Barnes, Paul F. // Mergers & Acquisitions: The Dealermaker's Journal;Jul/Aug96, Vol. 31 Issue 1, p24 

    Focuses on calculating terminal values in mergers and acquisitions. Equation description; Analysis of historical financial results; Rate of return on incremental investment. INSET: Into the future..

  • Securitization in the financing of acquisitions. Sargent, Steven A. // Mergers & Acquisitions: The Dealermaker's Journal;Jul/Aug96, Vol. 31 Issue 1, p33 

    Focuses on securitization in the financing of acquisitions. Segments in the securitization market; Reduction of interest costs; Basis points; Importance of timing. INSET: Getting company..

  • Off to see the wizards. Sparks, Debra // FW;11/7/95, Vol. 164 Issue 23, p28 

    Offers some insights on the buyers who have offered megabucks for television networks and movie studios. Analysis of the financial position of Edgar Bronfman Jr. of Seagram's with 80 percent of MCA; Walt Disney's Michael Eisner buying Capital Cities/ABC for 19 billion; Time Warner's Gerry...

  • Tasty stocks that may be gobbled for yummy gains of 25% or more. Fitch, Malcolm // Money;Dec1997, Vol. 26 Issue 12, p67 

    Discusses the number of companies in the United States to go through mergers or acquisitions in 1997. Price and earnings rations; Incentives to use stocks for takeovers; Mention of WorldCom and MCI. INSET: Whether the hunter or the hunted, GTE..., by Susan Scherreik..

  • Financial facts. Brown, Carolyn M.; Branch, Shelly // Black Enterprise;Apr94, Vol. 24 Issue 9, p46 

    Discusse how holding stock in a company that is headed for a takeover might actually proved beneficial. Possible tax ramifications.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics