Mattress maker files for bankruptcy as part of restructuring deal; decision expected within 60 days.
By Aaron Smith
By Aaron Smith
Posted by: Scarlett Lu
NEW YORK (CNNMoney.com) -- Simmons Bedding Co., the second-largest mattress maker in the U.S., filed for bankruptcy on Monday.
Atlanta-based Simmons filed for Chapter 11 under a restructuring plan in Delaware Bankruptcy Court. If the bankruptcy filing is approved, then the process should take about 60 days, according to Michael Henson, spokesman for Simmons through an outside firm.
"All that's left is confirmation of the court," he said. "If the court approves the restructuring plan, the company should be able to close the transaction shortly hereafter."
NEW YORK (CNNMoney.com) -- Simmons Bedding Co., the second-largest mattress maker in the U.S., filed for bankruptcy on Monday.
click to read more
Atlanta-based Simmons filed for Chapter 11 under a restructuring plan in Delaware Bankruptcy Court. If the bankruptcy filing is approved, then the process should take about 60 days, according to Michael Henson, spokesman for Simmons through an outside firm.
"All that's left is confirmation of the court," he said. "If the court approves the restructuring plan, the company should be able to close the transaction shortly hereafter."
NEW YORK (CNNMoney.com) -- Simmons Bedding Co., the second-largest mattress maker in the U.S., filed for bankruptcy on Monday.
click to read more
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