Brief: CSC Generation Submits Proposal To Acquire Bassett Furniture Industries For $21 Per Share In Cash

Bassett Furniture Industries

11/10/2022 14:13

Oct 11 (Reuters) - Bassett Furniture Industries Inc
 BSET.O :
    * CSC GENERATION SUBMITS PROPOSAL TO ACQUIRE BASSETT
FURNITURE
INDUSTRIES FOR $21 PER SHARE IN CASH
    * CSC GENERATION SAYS HIGHLY CONFIDENT IN ABILITY TO FULLY
FUND
DEAL TO BUY BASSETT USING CASH ON HAND AND EXTERNAL FINANCING
FROM OUR EXISTING LENDERS
    * CSC GENERATION SAYS DEAL TO ACQUIRE BASSETT FURNITURE
WOULD NOT
BE CONTINGENT ON OBTAINING FINANCING
    * CSC GENERATION SAYS ALSO WILLING TO DISCUSS ALTERNATIVE
TRANSACTION STRUCTURES WITH BASSETT FURNITURE
    * CSC GENERATION SAYS PREPARED TO IMMEDIATELY ENTER INTO A
CUSTOMARY CONFIDENTIALITY AGREEMENT WITH BASSETT FURNITURE

Source text for Eikon:  ID:nBw9lLycWa 
Further company coverage:  BSET.O 
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