True Value declares Chapter 11 bankruptcy and lines up sale to Do it Best
True Value said it has filed motions with the bankruptcy court to continue paying wages and benefits to its employees, as well as offer support programs for customers. The company aims to complete its sale to Do it Best by year-end. True Value serves more than 4,500 stores worldwide with total retail sales of $10 billion, according to the company.
True Value declares bankruptcy and sells itself to a hardware rival
True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday.
Hardware wholesaler True Value files for bankruptcy, plans sale to rival
Wholesaler True Value filed for bankrtupcy Monday and announced its plans to sell to rival Do It Best. True Value retail stores are not included in the bankruptcy.
True Value files for bankruptcy after 75 years, blames weak housing market for plunging sales
Hardware and lumber wholesaler Do it Best is the stalking horse bidder and has agreed to pay $153 million in cash for the sinking company, according to a court filing.
Hardware wholesaler True Value files for bankruptcy to sell business
Hardware wholesaler True Value Company LLC filed for bankruptcy on Monday, seeking to sell its business to rival Do It Best for $153 million.
True Value Company files for bankruptcy; branded stores unaffected
Chicago-based True Value Company, L.L.C., with more than a dozen affiliated stores in the Central Valley, announced it has filed for bankruptcy protection and plans to sell itself to another home improvement industry player.
Iconic home improvement retailer files for bankruptcy, announces sale plans
A well-known 75-year-old home improvement company entered into a sale agreement early Monday morning after filing for Chapter 11 bankruptcy. True Value filed for Chapter 11 bankruptcy and has agreed to enter into a sale agreement with Do It Best.
True Value files for bankruptcy in order to sell itself to rival
True Value Co. filed for bankruptcy in Delaware on Monday as it seeks to sell its business to rival Do it Best Corp.
True Value declares bankruptcy, plans to sell assets to rival Do it Best
True Value, a 75-year-old hardware retail brand, has filed for bankruptcy and plans to sell itself to an industry rival Do it Best Corp.
True Value declares bankruptcy, lines up sale to rival hardware chain
True Value, a national hardware retailer whose roots go back more than 70 years, said Monday that it has declared bankruptcy and will sell itself to a competitor. The Chicago-based company filed for Chapter 11 protection from its debts in the U.
Wholesaler True Value Files Bankruptcy to Sell Itself to Rival
Wholesaler True Value Co. filed for bankruptcy in Delaware on Monday as it seeks to sell its business to rival Do it Best Corp.
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