{"id":1986,"date":"2013-09-19T11:42:28","date_gmt":"2013-09-19T06:12:28","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2013\/09\/19\/berklinebenchcraft-pulls-ipo-document\/"},"modified":"2013-09-19T11:42:28","modified_gmt":"2013-09-19T06:12:28","slug":"berklinebenchcraft-pulls-ipo-document","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/berklinebenchcraft-pulls-ipo-document\/","title":{"rendered":"Berkline\/BenchCraft pulls IPO document"},"content":{"rendered":"<p>Gary Evans<br \/>\nMORRISTOWN, Tenn. \u00e2\u20ac\u201d Recliner and upholstery maker Berkline\/BenchCraft Holdings has withdrawn an initial<br \/>\n                        <!--adsense--><br \/>\n\t\t <!--more--><br \/>\npublic offering proposal it filed with the Security and Exchange Commission, officially ending its intention to go public.<\/p>\n<p>President and CEO Bill Wittenberg said the company hadn\u00e2\u20ac\u2122t updated financial numbers since filing the IPO registration statement in April 2012.<\/p>\n<p> \u00e2\u20ac\u0153We don\u00e2\u20ac\u2122t envision going public anytime soon and we didn\u00e2\u20ac\u2122t feel like leaving that document out there in the public domain. There\u00e2\u20ac\u2122s a tremendous amount of information that can be gleaned from that,\u00e2\u20ac\u009d he said.<\/p>\n<p>Wittenberg said the company\u00e2\u20ac\u2122s plans to raise $138 million through the IPO were delayed after the equities markets went soft. The company also considered a bond offering in Canada, but rejected it because of tax implications.<\/p>\n<p>He also confirmed that the company has hired Imperial Capital, an investment banking firm with offices in Beverly Hills, New York and Whitefish, Montana, which \u00e2\u20ac\u0153is looking at some liquidity\u00c2\u00a0 events for us.\u00e2\u20ac\u009d He did not give any other details.<\/p>\n<p>In addition, Moody\u00e2\u20ac\u2122s Investors Service this week withdrew its ratings for Berkline\/BenchCraft at the request of the company, which said its lenders no longer had a ratings requirement<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gary Evans MORRISTOWN, Tenn. \u00e2\u20ac\u201d Recliner and upholstery maker Berkline\/BenchCraft Holdings has withdrawn an initial<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1986","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=1986"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1986\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=1986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=1986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=1986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}