Kid Brands, Inc. Announces Pursuit of Sale of Substantially All of the Assets of the Company Facilitated Through a Voluntary Chapter 11 Filing
Marketwire - Thu Jun 19, 7:30AM CDT
Kid Brands, Inc. (OTCQB: KIDB) today announced that it plans to pursue a sale of substantially all of the assets of the Company, or one or more of its subsidiaries, facilitated through the filing of voluntary chapter 11 petitions in the United States Bankruptcy Court for the District of New Jersey.
Kid Brands Announces Decision to Explore Strategic Alternatives to Enhance Shareholder Value
Marketwire - Tue Apr 01, 5:39PM CDT
Kid Brands, Inc. (OTCQB: KIDB) today announced that its Board of Directors has authorized the Company to identify and evaluate a broad range of strategic and financing alternatives aimed at enhancing shareholder value. These alternatives may include addressing under-performing product lines, exploring strategic alliances, the sale or merger of the Company or one or more of its subsidiaries, or other possible transactions. Kid Brands is also exploring alternatives to strengthen its financial position, including restructuring the Company's current debt, or engaging in a recapitalization or other financing alternatives. The Company may decide to complete any combination of these or other possible strategic and/or financing alternatives.