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stock building files chapter 11
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bumblethru
May 14, 2009, 2:05pm Report to Moderator
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someone just told me that stock building has filed for chapter 11.


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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MobileTerminal
May 14, 2009, 2:19pm Report to Moderator
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http://www.buildingonline.com/news/viewnews.pl?id=8165&subcategory=134

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LONDON -- British construction supply provider Wolseley announced that it has signed agreement with The Gores Group, LLC giving that company a 51% stake in Stock Building Supply. As part of the deal, Stock Building Supply entered into a "pre-packaged" Chapter 11 bankruptcy filing.

According to Gore, "a pre-pack is a frequently used procedure to sell and recapitalize businesses in the US and will facilitate an orderly change of control transaction."
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Salvatore
May 14, 2009, 4:11pm Report to Moderator
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good PAY UP TO THE PEOPLE YOU WANTED TO BE RICH NOW YOU WILL PAY
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