IHFC to Be Sold for $275 Million

摘要

The International Home Furnishings Center will be sold to a group that appears to include investment firms The Related Cos. and Bain Capital and possibly another entity for $275 million, a purchase agreement filed last week by IHFC shareholder Bassett Furniture Inds. indicates. While the agreement identifies the potential buyer only as "IHFC Acquisition Company LLC," it also says that Related and Bain and "the purchaser" were parties to a confidentiality agreement signed in October.