A&M Capital Opportunities, a private equity firm focused on middle-market companies, has taken an undisclosed stake in mattress producer Classic Brands.
Stanley Furniture (NASDAQ: STLY) cut its third-quarter net loss to $305,000 or 2 cents per share as sales fell 5.5% to $10.4 million.
Nova Lifestyle (NASDAQ: NVFY), parent company of Diamond Sofa and several other brands, said third-quarter net income soared to $2.96 million of 11 cents per share as the company began implementing its “asset light” business model following the sale of its manufacturing operations earlier this year.
Bedding sales totaled $4.04 billion in the third quarter, an increase of 4.8% from last year’s third quarter, according to Impact Consulting Services’ proprietary industry model.
Directors of Aaron’s Inc. (NYSE: AAN) have boosted the quarterly dividend to 30 cents per share, a 10% increase over the previous dividend of 27.5 cents per share.
Rent-A-Center (NASDAQ: RCII) has denied Vintage Capital’s request for a 30-day exclusivity period to complete due diligence on the private equity firm’s $13-per-share buyout offer, but stopped short of rejecting the offer itself.
Bassett Furniture Inds. (NASDAQ: BSET) said its board of directors has approved a special dividend of 35 cents per share.