Bassett furniture industries, incorporated (nasdaqgs:bset) finalized an agreement to purchase certain assets of crimson casual, inc. for $2.3 million.

Bassett furniture industries, incorporated (nasdaqgs:bset) finalized an agreement to purchase certain assets of crimson casual, inc. for $2.3 million on october 17, 2019. the consideration will be paid in cash and stock. pursuant to the transaction, the company's associates will join the bassett team. the transaction is expected to be completed in early november 2019.
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