Foamex Agrees To Sell Its Assets In $105M Deal
Under the deal, an affiliate of MatlinPatterson will assume ongoing obligations to the company's customers, vendors and 2,300 employees, Foamex said Wednesday.
The $105 million represents a combination of what's outstanding on a debtor-in-possession loan plus cash, the company added, and the transaction will include assumed liabilities.
Before the deal becomes final, it...
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