Bassett Furniture Industries (BSET) Tops Q4 EPS by 11c; Retail Comps Up 12%
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Bassett Furniture Industries (BSET) to Acquire Rest of Zenith Freight Lines Not Already Owned
January 21, 2015 9:31 AM ESTBassett Furniture Industries (NASDAQ: BSET) announced its intention to acquire the remaining 51% of Zenith Freight Lines, LLC in a transaction that is expected to close early next month.
Commenting on the deal, Robert H. Spilman, Jr., Bassett's President and CEO, said, "Our initial investment in Zenith dates back to 1999. Since that time, the strategic significance of the partnership has risen to include the over the road... More
