December 05, 2008
RoomStore hopes to close purchase
With a bankruptcy court judge’s approval, Goochland County-based The RoomStore Inc. hopes to close its purchase of Mattress Discounters by today. The deal is worth as much as $4.5 million, according to Brian D. Bertonneau, senior vice president and general counsel for RoomStore, a home furnishings retailer. The sale price, $4 million, is based on existing inventory, and $500,000 is based on lease arrearages.
December 03, 2008
Judge allows RoomStore purchase of Mattress Discounters
A Maryland bankruptcy judge has approved the sale of Mattress Discounters to Goochland County-based The RoomStore Inc. The parties hope to close the sale by Friday. The deal is worth as much as $4.5 million, according to Brian D. Bertonneau, senior vice president and general counsel for RoomStore, a chain of furniture stores. The sale price, $4 million, is based on existing inventory, and $500,000 is based on lease arrearages.
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