RoomStore wants to hire investment banker to help sell stake in Mattress Discounters

May 30, 2012  by in UnCategorized   

By Aggregated Content in on May 31, 2012 from http://c.moreover.com/click/here.pl?z6578205924&z=1250249027 The beleaguered RoomStore Inc. chain is trying to sell its 65 percent stake in Mattress Discounters Group LLC. The Goochland County-based home furnishings retailer, which filed for bankruptcy protection in December, wants to hire an investment banking firm to help market and provide financial advice in its effort to sell its interest in the 80-store mattress and bedding chain, according to documents filed with the U.S. Bankruptcy Court in Richmond. Retaining Northeast Securities Inc. needs approval from a bankruptcy judge. RoomStore "believes the services Northeast will provide to it will benefit its estate and creditors by helping the debtor

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