Daily News: September 12, 2013

WSJ: KPS Capital Rivals Bid for Furniture Brands Assets

The Wall Street Journal reported that Furniture Brands International may be in the middle of a “bidding war” due to the emergence of private equity firm KPS Capital Partners as an interested party.

The article noted that KPS, which focuses on turning around troubled manufacturers, made an offer that includes Furniture Brand’s Lane Furniture business — an asset that was not included in Oaktree Capital’s $166 million offer.

To read the entire WSJ story, click here.

Previously on abfjournal: Furniture Brands Files for Chapter 11; Oaktree Bids for Assets, September 10, 2013