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2014-06-03 20:22:38

MERRIMACK, N.H., June 3, 2014 /PRNewswire/ -- Innovative product development company and multi-channel retailer Brookstone, Inc. ("Company") announced today that Sailing Innovation (US) Inc. ("Sailing"), a consortium led by Sailing Capital Overseas Investment Fund, LP, along with a financing commitment from GE Capital, has been selected as the winning bidder at the Company's June 2 auction for a final purchase price of $135.7 million, net of cash and assumed liabilities. The sale is...


Word of the Day
grass-comber
  • A landsman who is making his first voyage at sea; a novice who enters naval service from rural life.
According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'