An undisclosed buyer cancelled the acquisition of the assets of hhgregg, Inc..
March 16, 2017
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An undisclosed buyer signed a term sheet to acquire assets of hhgregg, Inc. (OTCPK:HGGG) on March 6, 2017. hhgregg has filed for Chapter 11 reorganization. Sarah Lynn Fowler and Jeffrey A. Hokanson of Ice Miller LLP and Neil E. Herman of Morgan, Lewis & Bockius LLP, Rachel Jaffe Mauceri, Benjamin J. Cordiano, Katherine L. Lindsay, Matthew C. Ziegler and Michaela Dragalin of Morgan Lewis are acted as legal advisor to hhgregg, Inc.
An undisclosed buyer cancelled the acquisition of the assets of hhgregg, Inc. (OTCPK:HGGG) on March 16, 2017. The transaction was cancelled hhgregg was unable to reach a definitive agreement on terms.
hhgregg, Inc. is an online retailer that operates a retail chain of consumer electronics and home appliances in the Midwest, Northeast, and Southeast United States, which operates stores in approximately 20 states. The Company offers a range of products categories, which include mobiles, computers and office, cameras and video, electronics, pro audio, home and kitchen. Its mobile products include cellphones and accessories, and wearable technology. Its computer products include desktops, laptops, hardware, telephones, and office accessories. The Companyâs electronics products include global positioning systems (GPS) and auto, television, home theater, audio headphones, and gaming. Its pro audio products include microphones, pro headphones, studio recording, audio systems, speakers, audio components, portable audio, and musical instruments. Its home and kitchen products include kitchen utensils, luggage, and bags. It offers global and local brands across the nation through hhgregg.com.
HHGREGG, INC. 
