Hollander Drops Debt Swap In Favor Of $102M Sale

By Rick Archer ( September 3, 2019, 4:44 PM EDT) -- Struggling mattress retailer Hollander Sleep Products asked a New York bankruptcy court Tuesday for permission to pivot from a reorganization plan centered on a debt-for-equity swap to a $102 million asset sale, saying it is in the best interest of the company's creditors....

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