Daily News: November 12, 2012

Court Confirms Sleepy’s as Buyer of Mattress Discounters

A Furniture Today article has reported that the U.S. Bankruptcy Court in the Eastern District of Virginia has granted Sleepy’s as the winning buyer for Mattress Discounters for $11.9 million.

Mattress Discounters is an 80-store chain, 65% of which was previously owned by RoomStore, a company that is currently in Chapter 7 liquidation proceedings.

Sleepy’s provided a higher bid than Longroad Asset Management, an investment firm, the article said.

To read the Furniture Today article in its entirety, click here.

Previously on abfjournal.com:

Judge OKs Deal for RoomStore to Offer Mattress Discounter Stake, Friday, September 21, 2012