CSC Generation to acquire Bassett Furniture Industries for $191m.

CSC Generation, a provider of private financing services, offered to acquire Bassett Furniture Industries, a manufacturer, importer, and retailer of home furnishings products, for $191m. "We believe our proposal delivers an attractive opportunity for shareholders to obtain immediate liquidity at a full value that exceeds what the company can be expected to achieve in the coming years if it remains on its current standalone course in the public market. We also believe our proposal has only become more appealing as the company’s stock price continues to languish. For shareholders, our proposal represents a 27% premium over the most recent closing price of $16.51," Elizabeth Brown, CSC Generation General Counsel and Chief Administration Officer.