Dial A Mattress (founded in 1976) filed bankruptcy in late March and has plans to sell to rival Sleepy’s. Creditors filed suit for over $1.7 million. Sleepy’s stepped up and offered to provide debtor in possession funding so Dial A Mattress could continue operations.
Read the whole article
Cedar Fair has put two more of it’s parks up for sale. It’s not necessarily the economy pressuring the company, but the previous purchase of Paramount Parks from CBS in 2006. Cedar Fair happily spent the money (which is now debt) to buy the Paramount Parks in the booming economy, but is now probably regretting it’s decision since the economy tanked.
Read the full press release from Cedar Fair
