Could easily go to $1 soon.
KPS Capital Emerges as Rival Bidder for Furniture Brands
Patrick Fitzgerald
September 11, 2013
(c) 2013 Dow Jones & Company, Inc.
A potential bidding war between two buyout firms is brewing for Furniture Brands International Inc., the big furniture manufacturer that filed for Chapter 11 earlier this week with a plan to sell most of its assets to Oaktree Capital Management.
KPS Capital Partners , which focuses on turning around troubled manufacturers, emerged Wednesday at a bankruptcy court hearing as a possible rival bidder for the furniture maker, which is based in St. Louis....
