Sun Television and Appliances
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Sun Television and Appliances
Fate Bankruptcy
Founded Unknown
Defunct 1998
Headquarters Columbus, Ohio, USA
Industry Retail
Products Computers, Televisions, Home Audio, Car Audio, VCRs, Freezers, Washers, and Dryers.
Website None
Sun Television and Appliances was a speciality retailer of consumer electronics and home appliances. The company had stores in cities throughout the midwest, and also 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
^ "Sun TV announces 20-store expansion" (in English), Columbus Business First (November 20, 1997). Retrieved on 29 September 2006.
^ "Indiana chain buys Sun Television" (in English), Business First of Columbus (December 11, 1996). Retrieved on 29 September 2006.
^ a b "H.H. Gregg takes over closed Sun TV sites" (in English), Business First of Columbus (April 12, 1999). Retrieved on 29 September 2006.
^ "SUN TELEVISION: Announces Decision To Liquidate" (in English), Troubled Company Reporter, InterNet Bankruptcy Library (November 4, 1998). Retrieved on 29 September 2006.
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Sun Television and Appliances
Fate Bankruptcy
Founded Unknown
Defunct 1998
Headquarters Columbus, Ohio, USA
Industry Retail
Products Computers, Televisions, Home Audio, Car Audio, VCRs, Freezers, Washers, and Dryers.
Website None
Sun Television and Appliances was a speciality retailer of consumer electronics and home appliances. The company had stores in cities throughout the midwest, and also 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
^ "Sun TV announces 20-store expansion" (in English), Columbus Business First (November 20, 1997). Retrieved on 29 September 2006.
^ "Indiana chain buys Sun Television" (in English), Business First of Columbus (December 11, 1996). Retrieved on 29 September 2006.
^ a b "H.H. Gregg takes over closed Sun TV sites" (in English), Business First of Columbus (April 12, 1999). Retrieved on 29 September 2006.
^ "SUN TELEVISION: Announces Decision To Liquidate" (in English), Troubled Company Reporter, InterNet Bankruptcy Library (November 4, 1998). Retrieved on 29 September 2006.
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