15 thoughts on “No need to explain, right?

  1. i looked it up. simmons declared bankruptcy late last year as part of its “restructuring.” it agreed to sell itself to Ares Capital Management and the Ontario Teachers’ Pension Plan.an interesting tidbit: “As The New York Times previously reported, while the unsecured debtholders of Simmons will take a haircut, its soon-to-be-former owner, THL Partners, will have made about $77 million in profit.”.-= Seraphine´s last blog ..<a href="http://encoreseraphine.com/2010/01/01/on-being-bubbly/“ rel=”nofollow”>On Being Bubbly =-.

  2. Simmons and Serta to Become Buyout Bedfellows”Simmons, the No. 2 mattress company, said on Friday that it planned to sell itself in Chapter 11 to Ares Management and Ontario Teachers’ Pension Plan, two firms that already own National Bedding Company, which makes third-ranked Serta.”if you can get a $77 million credit line on your visa, i say go for it. get the best bed you can’t afford. then ask the government for a bailout. why not? everyone else did it too..-= Seraphine´s last blog ..<a href="http://encoreseraphine.com/2010/01/01/on-being-bubbly/“ rel=”nofollow”>On Being Bubbly =-.

So... What do ya think?

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