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Which Treat Will You Miss?

Jon King — Sat, 17 Nov 2012 05:05:55 +0000

McMagic Partners LP Contract to Purchase Vanns, Inc.

Peter Christian — Wed, 31 Oct 2012 22:57:49 +0000

McMagic Partners LP, a Texas-based company, has entered into a contract to purchase Vanns, Incorporated in Montana. [button href="http://newstalkkgvo.com/files/2012/10/MOTION.pdf" title="Vann's Sale Document" align="center"] [button href="http://newstalkkgvo.com/files/2012/10/EXH-A1.pdf" title="Vann's Exhibit A" align="center"] The purchase price for the company is approximately $4.5 million dollars, and the U. S, Bankruptcy Court must agree to the terms by Thursday, November [...]

Vann's Moves From Chapter 11 to Chapter 7 to Help Facilitate Sale

Peter Christian — Fri, 26 Oct 2012 21:58:29 +0000

KGVO News has received a copy of a speech given to Vann’s Incorporated employees on Friday, stating the reasons why the Trustee has moved from Chapter 11 to Chapter 7 bankruptcy protection. The speech states that ‘negotiations for the potential acquisition of Vann’s are proceeding’. The speech goes on to state ‘the trustee has taken [...]

Two Potential Buyers Looking at Vann's Incorporated

Peter Christian — Tue, 16 Oct 2012 22:32:35 +0000

Missoula attorney Dick Samson is working with the bankruptcy court as a panel trustee, as two different firms are involved in negotiations on whether to purchase Vann’s Incorporated. Vann’s entered into Chapter 11 bankruptcy protection several months ago, and was granted the month of October to come up with a buyer suitable to satisfy the [...]

Potential Buyer For Vann's [AUDIO]

Peter Christian — Mon, 01 Oct 2012 17:17:57 +0000

New Vann’s CEO Jerry O’Connell says a Bozeman businessman is very interested in purchasing all five of the Vann’s Appliance stores in Montana. Vann’s recently announced that their stores would be closing because the company could not find adequate financing to continue operations, and is already operating under a Chapter 11 bankruptcy order. McConnell says [...]

Vann's Appliance Announces Store Closures [AUDIO]

Peter Christian — Thu, 20 Sep 2012 13:53:14 +0000

Vann's to close its doors.

Vann's Employees Get Letter About Bankruptcy Filing [EMPLOYEE LETTER]

Peter Christian — Mon, 06 Aug 2012 00:33:49 +0000

Vann’s, Incorporated’s new CEO Jerry McConnell sent a letter Sunday to all employees regarding the company’s Chapter 11 Bankruptcy filing in Federal Bankruptcy Court. In the letter, attached below, McConnell explains what the Chapter 11 filing means to employees, customers, suppliers and vendors. [button href="http://newstalkkgvo.com/files/2012/08/Vanns_Employee_Letter.pdf" title="Vann's Employee Letter" align="center"] He warns employees in advance that [...]