Preview - Please log in to view full article.

Article Date: December 2017
Word Count: 200

Maurice Expected to be Sold to Middleton Partners


A hearing Dec. 28 is expected to result in the confirmation of the sale of Maurice Sporting Goods to Middleton Partners on substantially the same terms as the original bid that offered $3 million up front and a total of $39 million for the assets with the balance to be paid from the proceeds of the inventory liquidation. The bid will result in the reorganization of the company as a going concern.

 

Sportsman’s Supply had made an offer of $3.5 million in cash up front plus $40-42 million for acquiring the existing inventory at 95% of cost after the Middleton stalking ... Log in to view full article.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.