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Hardware wholesaler True Value Company LLC filed for bankruptcy on Monday, seeking to sell its business to rival Do It Best for $153 million. True Value, which sells hardware, tools, lumber, plumbing and heating supplies, and other home improvement goods, said its retail stores are independently owned and not part of the bankruptcy process.

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Hardware wholesaler True Value files for bankruptcy to sell business

Hardware wholesaler True Value Company LLC filed for bankruptcy on Monday, seeking to sell its business to rival Do It Best for $153 million.

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True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday.

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True Value declares bankruptcy and sells itself to a hardware rival

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True Value has filed for Chapter 11 bankruptcy and is selling substantially all of its business operations to a top industry rival -- making it the latest hardware company to succumb to a weak housing market, the company said on Monday.

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True Value files for bankruptcy after 75 years, blames weak housing market for plunging sales

True Value, a national hardware brand founded in 1948, said it has a deal to be acquired by rival Do it Best.

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True Value declares Chapter 11 bankruptcy and lines up sale to Do it Best

The Chicago-based company has targeted an Indiana company for acquisition of its business operations.

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True Value files for bankruptcy protection, will sell itself to competitor

Wholesaler True Value Co. filed for bankruptcy in Delaware on Monday as it seeks to sell its business to rival Do it Best Corp.

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Wholesaler True Value Files Bankruptcy to Sell Itself to Rival

True Value said it will continue day-to-day operations of selling hardware and other homeware tools to its 4,500 independently operated locations during the Chapter 11 process, which includes a $153 million stalking horse bid from rival company Do it Best.

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True Value hardware declares bankruptcy and sells itself to a rival

True Value said it will continue day-to-day operations of selling hardware and other homeware tools to its 4,500 independently operated locations during the Chapter 11 process.

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True Value, a 75-year-old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival.

Hardware wholesaler True Value files for bankruptcy to sell business

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