Sun Television and Appliances was a speciality retailer of consumer electronics and home appliances. The company primarily operated stores in rural areas, where there was no other competition, in Ohio, Indiana, New York, Pennsylvania, Maryland, West Virginia, Virginia and Kentucky.
In late 1996, Indiana-based H.H. Gregg Appliances and Electronics had arranged to purchase Sun in an $87.5 million deal that would have paid $5 per share to the owners of Sun’s 17.5 million outstanding shares. However, H.H. Gregg withdrew from the deal over concerns regarding Sun’s financial condition.
The company ceased operations in 1998 after filing for Chapter 11 bankruptcy in September of that year, and after attempts to sell the company as a going concern failed. Some locations were purchased by H.H. Gregg Appliances and Electronics, and were reopened as H.H. Gregg locations.
References
External links
- Company profile (business.com)
Sun Television and Appliances was a speciality retailer of consumer electronics and home appliances. The company primarily operated stores in rural areas, where there was no other competition, in Ohio, Indiana, New York, Pennsylvania, Maryland, West Virginia, Virginia and Kentucky.
In late 1996, Indiana-based H.H. Gregg Appliances and Electronics had arranged to purchase Sun in an $87.5 million deal that would have paid $5 per share to the owners of Sun’s 17.5 million outstanding shares. However, H.H. Gregg withdrew from the deal over concerns regarding Sun’s financial condition.
The company ceased operations in 1998 after filing for Chapter 11 bankruptcy in September of that year, and after attempts to sell the company as a going concern failed. Some locations were purchased by H.H. Gregg Appliances and Electronics, and were reopened as H.H. Gregg locations.
References
External links
- Company profile (business.com)
Sun Television and Appliances was a speciality retailer of consumer electronics and home appliances. The company primarily operated stores in rural areas, where there was no other competition, in Ohio, Indiana, New York, Pennsylvania, Maryland, West Virginia, Virginia and Kentucky.
In late 1996, Indiana-based H.H. Gregg Appliances and Electronics had arranged to purchase Sun in an $87.5 million deal that would have paid $5 per share to the owners of Sun’s 17.5 million outstanding shares. However, H.H. Gregg withdrew from the deal over concerns regarding Sun’s financial condition.
The company ceased operations in 1998 after filing for Chapter 11 bankruptcy in September of that year, and after attempts to sell the company as a going concern failed. Some locations were purchased by H.H. Gregg Appliances and Electronics, and were reopened as H.H. Gregg locations.
References
External links
- Company profile (business.com)
Sun Television and Appliances was a speciality retailer of consumer electronics and home appliances. The company primarily operated stores in rural areas, where there was no other competition,<ref name=”Expansion”></ref> in Ohio, Indiana, New York, Pennsylvania, Maryland, West Virginia, Virginia and Kentucky.
In late 1996, Indiana-based H.H. Gregg Appliances and Electronics had arranged to purchase Sun in an $87.5 million deal that would have paid $5 per share to the owners of Sun’s 17.5 million outstanding shares.<ref name=”Gregg merger”></ref> However, H.H. Gregg withdrew from the deal over concerns regarding Sun’s financial condition.<ref name=”Gregg purchase”></ref>
The company ceased operations in 1998 after filing for Chapter 11 bankruptcy in September of that year, and after attempts to sell the company as a going concern failed.<ref name=”Bankruptcy”></ref> Some locations were purchased by H.H. Gregg Appliances and Electronics, and were reopened as H.H. Gregg locations.<ref name=”Gregg purchase” />
References
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External links
- Company profile (business.com)
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