Stanley Furniture Taps Stephens to Advise on Strategic Options

June 17, 2016  by in Business Strategy, Industry   

The move is in connection with the consideration of potential strategic and capital allocation opportunities being undertaken by the previously established Special Committee, including potential acquisition transactions to enhance product offerings and expanded distribution channels, leveraging on the strength of the Company’s balance sheet including its net operating loss carryforwards.

The Special Committee consists of John D. Lapey, Jeffrey S. Gilliam, Michael P. Haley and Justyn Putnam, with Mr. Putnam as Chair.

The Company has not made a decision to pursue any particular transaction. There can be no assurance that the consideration of potential opportunities by the Special Committee will result in any transaction being pursued or completed. The Company has not set a timetable for completion of the consideration process, and it does not expect to comment further unless and until its Board of Directors has approved a specific transaction, or it otherwise deems further disclosure appropriate or required by law.