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Congrats on your play here Estrella...
SHRPQ, same situation, commons renain after asset sale, trades .32
,,,,,,,Commons wiped out most likely --MONEYMDE
What was the final bid/ask EOM? Was it .03/.07? That's bad but still extremely good net with a 1650% gain if you were in since the beginning or near the beginning.
Hey Carlito, did you snag some of this? WOW! How high is this thing going?
Gl
You deserve it very much !!
enjoy the %%fun next week !!!
LENXQ is going TO DA MOON!!
;)
Thank you so much Carlito, you are a sweetheart!
;)
what the hell is going on here? =)
CONGRATSssssssssssssssssssssssssssssssssss
wat i call here
Posted by: Estrella Date: Monday, December 15, 2008 11:45:16 AM
In reply to: None Post # of 54
LENX @ .0055!
;)
If insiders are buying, this is going to dollars again!
;)
.<font color=green>.Before you cuaght the Filing there was a lot of buying, this is gonna roll big time next week!
That's my question...usually they are in BK stocks.
"the transaction, which includes the Lenox, Dansk, Gorham and Department 56 brands, is believed to be valued at approximately $100 million inclusive of cash"
Most likely the existing shareholder will get nothing
Shares not cancelled ?
MK
LENXQ @ .07!! SO THIN!
Congratulations! LENXQ was $3.00 last year!
;)
That was me grabing some 6's
HUGE NEWS ON LENXQ!!!
;)
Clarion Capital Partners, LLC, is a New-York based private investment firm. The firm invests in consumer products, business services, healthcare services, specialty financial services, retail and niche media and entertainment. Previous and current investments by the professionals of Clarion include All-Clad Metalcrafters (cookware), Hartmann (fine leather and travel goods), Snapple Beverage Company, The Oceanaire, Inc. (fine dining seafood restaurants), Strategic Outsourcing Inc. (business services), Great Northwest Insurance Company, Reliant HealthCare Professionals, Inc. (medical staffing), Crowe Paradis Services Corporation (insurance outsourcing), Imax Corporation (movies) and Cross MediaWorks Inc. (media services).
Lenox Group Inc. is a market leader in high quality tabletop, giftware and collectible products sold under the Lenox brand founded in 1889, as well as the Dansk, Gorham and Department 56 brand names. The company sells it products through wholesale customers who operate gift, specialty and department store locations in the United States and Canada, company-operated retail stores and direct to consumer channels.
Marc Pfefferle, Lenox's current CEO, said, "We are pleased that Lenox has found a home with the Clarion team which has the expertise and capital to grow our great brands. Certainly, Peter Cameron has the knowledge and experience to provide the leadership and guidance to develop the full potential of our brands and our employees."
LENXQ Peter Cameron, Lenox's incoming CEO commented, "Joining Lenox represents an extraordinary opportunity to work with one of the finest American brands. Lenox represents the high water mark in fine American china. Its product design and manufacturing capabilities are unrivaled within the US and around the world. When a customer purchases a Lenox product, he or she is purchasing the same quality and design aesthetic that has been used in the White House by each President since 1918 and is routinely used by the State Department as a gift from our nation to visiting dignitaries and royalty from around the world. How could anyone not be excited about the opportunity to work with such an American treasure?"
LENXQ Marc Utay, the founder and Managing Partner of Clarion Capital Partners said, "We are delighted to have the opportunity to invest in this truly iconic American brand. Generations of American families have embraced Lenox both in their everyday lives and on special holiday occasions when they gather with family and friends. With Lenox on firm financial footing, the Company can now devote all of its energies to capitalizing on its rich heritage and developing designs for the next generation of customers. Also, I am pleased to be working in partnership with Peter Cameron for the fourth time."
<<
LENXQ HUGE NEWS!
NEW YORK, Feb. 27, 2009 (Canada NewsWire via COMTEX) -- Lenox Group Inc. ("Lenox") and Clarion Capital Partners, LLC ("Clarion") announced today that a group led by Clarion has won the bankruptcy auction to acquire substantially all the assets of Lenox, the well-known china, tabletop and giftware manufacturer and marketer. Peter Cameron, previously the CEO of Waterford Wedgwood plc and All-Clad Metalcrafters LLC will become the new CEO of Lenox as soon as the transaction closes. While the specifics of the sale are not being released, the transaction, which includes the Lenox, Dansk, Gorham and Department 56 brands, is believed to be valued at approximately $100 million inclusive of cash and assumption of certain liabilities of Lenox. The bankruptcy court approved the Clarion bid after the bidding process was reopened during a hearing on Wednesday, February 25, 2009.
<<
LENX filling!
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6430000
;)
KPS Capital Partners, LP, Through an Affiliate, Wins Auction for Substantially All of the Assets of Lenox Group Inc.
NEW YORK, Feb 12, 2009 (BUSINESS WIRE) -- KPS Capital Partners, LP ("KPS"), through a newly formed company, was the successful bidder in the auction to purchase substantially all of the assets of the Lenox business ("Lenox"). KPS has committed sufficient capital to fund the entire purchase price and the post-closing liquidity needs of Lenox without outside financing. The auction and sale is subject to final approval of the U.S. Bankruptcy Court. The offer does not include the Department 56 business which is scheduled for a separate auction process to be held shortly.
Michael Psaros, Managing Partner of KPS said, "We are excited to proceed expeditiously with the closing of the transaction. We look forward to growing Lenox's unique portfolio of brands through innovation and cutting edge design, and building on the company's tradition of quality and its legendary American heritage."
"KPS made a substantial and firm offer and was the highest qualified bidder with the greatest certainty of closing quickly," said Marc Pfefferle, Lenox CEO. "Furthermore, KPS's commitment to provide the capital to build our brands so they can realize their full potential for sustainable growth and profitability is a great outcome for our employees, customers and vendors."
Berenson & Company, LLC is acting as Lenox's financial advisor and Weil, Gothshal & Manges LLP is providing legal counsel.
About KPS Capital Partners, LP
KPS Capital Partners, LP is the manager of the KPS Special Situations Funds, a family of private equity funds with over $1.8 billion of committed capital focused on constructive investing in restructurings, turnarounds and other special situations. KPS has created new companies to purchase operating assets out of bankruptcy; established stand-alone entities to operate divested assets; and recapitalized highly leveraged public and private companies. The KPS investment strategy targets companies with strong franchises that are experiencing operating and financial problems. KPS invests its capital concurrently with a turnaround plan predicated on cost reduction, capital investment and capital availability. Typically, the KPS turnaround plan is accompanied by a financial restructuring of the company's liabilities. The KPS investment strategy and portfolio companies are described in detail at the firm's website: www.kpsfund.com.
About Lenox
Lenox Group Inc. is a market leader in quality tabletop, giftware and collectible products sold under the Lenox, Dansk, Gorham and Department 56 brand names. The company sells its products through wholesale customers who operate gift, specialty and department store locations in the United States and Canada, company-operated retail stores, and direct-to-consumer channels, including catalog, direct mail, media, telemarketing and the Internet.
SOURCE: Lenox Group Inc.
CONTACT:
Lenox Group Inc. Fred Spivak, COO/CFO, 267-525-5095
Copyright Business Wire 2009
**********************************************************************
LENXQ Gift! http://www.lenoxgroupinc.com/20090121.html
ABLE is asking .02 for LENXQ!
:)
13:41 1/15/2009 LENX LENXQ Lenox Group, Inc. Common Stock
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Phone: (952) 944-5600
Estimated Market Cap
1,010,100 as of Feb 27, 2009
Outstanding Shares
14,429,998 as of Aug 4, 2008
Number of Share Holders of Record
714 as of Mar 13, 2008
NEW YORK, Feb 27, 2009 /PRNewswire via COMTEX/ -- Lenox Group Inc. ("Lenox") and Clarion Capital Partners, LLC ("Clarion") announced today that a group led by Clarion has won the bankruptcy auction to acquire substantially all the assets of Lenox, the well-known china, tabletop and giftware manufacturer and marketer. Peter Cameron, previously the CEO of Waterford Wedgwood plc and All-Clad Metalcrafters LLC will become the new CEO of Lenox as soon as the transaction closes. While the specifics of the sale are not being released, the transaction, which includes the Lenox, Dansk, Gorham and Department 56 brands, is believed to be valued at approximately $100 million inclusive of cash and assumption of certain liabilities of Lenox. The bankruptcy court approved the Clarion bid after the bidding process was reopened during a hearing on Wednesday, February 25, 2009.
Marc Utay, the founder and Managing Partner of Clarion Capital Partners said, "We are delighted to have the opportunity to invest in this truly iconic American brand. Generations of American families have embraced Lenox both in their everyday lives and on special holiday occasions when they gather with family and friends. With Lenox on firm financial footing, the Company can now devote all of its energies to capitalizing on its rich heritage and developing designs for the next generation of customers. Also, I am pleased to be working in partnership with Peter Cameron for the fourth time."
Peter Cameron, Lenox's incoming CEO commented, "Joining Lenox represents an extraordinary opportunity to work with one of the finest American brands. Lenox represents the high water mark in fine American china. Its product design and manufacturing capabilities are unrivaled within the US and around the world. When a customer purchases a Lenox product, he or she is purchasing the same quality and design aesthetic that has been used in the White House by each President since 1918 and is routinely used by the State Department as a gift from our nation to visiting dignitaries and royalty from around the world. How could anyone not be excited about the opportunity to work with such an American treasure?"
Marc Pfefferle, Lenox's current CEO, said, "We are pleased that Lenox has found a home with the Clarion team which has the expertise and capital to grow our great brands. Certainly, Peter Cameron has the knowledge and experience to provide the leadership and guidance to develop the full potential of our brands and our employees."
The transaction is expected to close in March 2009.
Miller Buckfire & Co., LLC is acting as investment banker and financial advisor to the acquisition group and Schulte Roth & Zabel LLP is providing legal counsel. Berenson & Company is acting as financial advisor to Lenox while Weil, Gotshal & Manges, LLP is providing legal counsel and Carl Marks Advisory Group LLC is providing management advice.
Clarion Capital Partners, LLC, is a New-York based private investment firm. The firm invests in consumer products, business services, healthcare services, specialty financial services, retail and niche media and entertainment. Previous and current investments by the professionals of Clarion include All-Clad Metalcrafters (cookware), Hartmann (fine leather and travel goods), Snapple Beverage Company, The Oceanaire, Inc. (fine dining seafood restaurants), Strategic Outsourcing Inc. (business services), Great Northwest Insurance Company, Reliant HealthCare Professionals, Inc. (medical staffing), Crowe Paradis Services Corporation (insurance outsourcing), Imax Corporation (movies) and Cross MediaWorks Inc. (media services).
Lenox Group Inc. is a market leader in high quality tabletop, giftware and collectible products sold under the Lenox brand founded in 1889, as well as the Dansk, Gorham and Department 56 brand names. The company sells it products through wholesale customers who operate gift, specialty and department store locations in the United States and Canada, company-operated retail stores and direct to consumer channels.
SOURCE Clarion Capital Partners, LLC
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