used the net proceeds from its offering to repay at maturity its 4.
When a repossession is required, BHFC
merely contacts the BounceGPS operations center, provides the VIN of the vehicle and the BounceGPS team does the rest.
used the net proceeds from the offering to redeem BHFC
s existing $750 million aggregate principal amount of 5.
As part of the agreement, BHFC
will bear all legal, tax and similar costs related to the transaction.
Michael Solomon, chairman and chief executive of BHFC
, said, "Our board, with the assistance of Management Horizons, the consulting division of Price Waterhouse, has been conducting an extensive integration study concerning the consolidation, restructuring and integration of the administrative operations of BHFC
and its Huffman Koos and Goods Furniture operations on the East Coast.
With the consummation of the merger, BHFC
now operates 42 stores in the Eastern and Western United States and is one of the largest mid to high end furniture retailers in the country.
He also stated that he is impressed with the Good's management team, which is expected to remain after the transaction, with Richard Good continuing in his current role, reporting to Fred Berk, president of Huffman Koos and BHFC
Berkshire and BHFC
will accept for exchange any and all 2012 Original Notes validly tendered and not withdrawn prior to the expiration of the exchange offer at 5:00 p.
Last sale price for BHFC
stock was quoted at 7/32 per share.
Berkshire and BHFC
will accept for exchange any and all Original Notes validly tendered and not withdrawn prior to the expiration of the exchange offers at 5:00 p.
President Shelley Greenberg, said many of the company's major home improvement customers have switched over to a JIT buying program.
Three Months Ended Twelve Months Ended December December December December 31, 31, 31, 31, 2005 2004 2005 2004 Net earnings $17,142 $22,333 $61,436 $91,567 Adjustments: Restructuring charges (1): Cost of sales 1,953 994 7,427 5,953 Selling, general and administrative expenses (375) 1,382 10,910 3,296 Severance (executive) - - 3,072 - BHFC
write-off - - - 8,285 1,578 2,376 21,409 17,534 Income tax expense 552 867 7,493 6,400 Net earnings - adjustments 1,026 1,509 13,916 11,134 Adjusted - Net earnings 18,168 $23,842 $75,352 $102,701 Adjusted - earnings per share - diluted $0.