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United Furniture is one of two companies bidding for former Lane plant

2014-10-23 00:02:05| Furniture - Topix.net

The companies have offered to buy Lane's former office and warehouse facility in Verona, according to a bankruptcy filing by FBI Wind Down Inc. United Furniture has a large manufacturing plant in Okolona that employs over 900 people and is a major contributor to the economy of Chickasaw and surrounding counties. Earlier this year, Heritage Home Group - the umbrella company for Lane, Broyhill, Thomasville, Drexel Heritage, Maitland Smith and other furniture companies that were once part of the now-defunct Furniture Brands International - said it was auctioning 17 Thomasville and Lane properties in all, mostly in North Carolina, Virginia and Tennessee.

Tags: united companies furniture plant

EMCORE photovoltaics deal followed a dramatic bidding war

2014-10-11 03:43:19| Apparel - Topix.net

New SEC documents say EMCORE CEO Hong Hou could get an estimated $2.3 million in cash and equity at the closing of the sale of the company's photovoltaics unit. Though many of the details of the $150 million deal for EMCORE's photovoltaics division have been disclosed, a new preliminary proxy statement provides a few more clues as to the reasons behind the sale.

Tags: war deal bidding dramatic

Bidding begins for sale of Energy Future Holdings' stake in Oncor

2014-09-22 18:05:58| Energy - Topix.net

The Wall Street Journal reported that bidding is open on Energy Future Holdings Corp.'s 80 percent stake in Oncor, the Dallas-based power transmission business that has been caught up in Energy Future Holdings' Chapter 11 bankruptcy proceeding. The competition began Friday evening , the Journal said.

Tags: sale future energy begins