Market Overview

Furniture Brands International Contributes 4.1 Million Shares to Pension Plan


Furniture Brands International (NYSE: FBN) announced today the company has made a contribution of approximately 4.1 million shares of its common stock to the company's pension plan. The shares were contributed in a private placement transaction and in consideration for the reduction in future funding obligations to the plan.

During the first six months of 2010, the company had contributed a total of $22.2 million in stock and cash to the plan.

Posted-In: News


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