Samson Holding has 14.9% ownership interest in Furniture Brands

By Lisa Kerner

Charlotte, N.C., Feb. 22 - Samson Holding Ltd. purchased 6,255,860 shares of Furniture Brands International, Inc. from Sun Fortune Investment Ltd. and purchased 149,513 shares of the company's stock from Trade Decade Ltd.

The purchases were made as part of a Dec. 19 agreement among Samson Holding, Sun Fortune and Trade Decade.

Samson Holding beneficially owns 7,221,373 shares, or 14.9%, of Furniture Brands outstanding shares, according to a schedule 13D filing with the Securities and Exchange Commission.

On Feb. 21, Furniture Brands investor Sun Capital Securities Group, LLC offered to take the company private at a "substantial premium" to its 30-day average price of $8.95 per share.

Sun Capital has a 9.4% stake in the company.

In a separate SEC filing, Sun Capital noted Hong Kong-based furniture company Samson Holding also has an interest in acquiring Furniture Brands.

Furniture Brands is a furniture maker and distributor based in St. Louis.

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