HHGregg Inc. disclosed late Thursday that its proposed purchase by an anonymous buyer has fallen through and that it now is considering the sale of some or all the business to other possible suitors.
The struggling company, which filed for Chapter 11 reorganization
March 6, said at that time that it had reached an agreement to sell the
business to an undisclosed party. The buyer was supposed to help
HHGregg experience a "quick and smooth process through Chapter 11 with
emergence in approximately 60 days.". . . more