Furniture Brands’ top stakeholder to enter bid for bankrupt manufacturer - Winston-Salem Journal: Business News

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Furniture Brands’ top stakeholder to enter bid for bankrupt manufacturer

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Posted: Tuesday, November 5, 2013 10:36 am

The fate of Furniture Brands International Inc. has taken another intriguing twist with the entrance of Samson Holding Ltd. — its top stakeholder — in the bidding for the bankrupt manufacturer.

Samuel “Sammy” Kuo and his wife, Grace Liu, said in a regulatory filing Monday they and Samson affiliates intend to submit a bid by Dec. 5 for Furniture Brands “with terms that are the same or better than the stalking horse bidder.” A stalking horse typically sets the floor for a potential auction bid for assets.

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