If you’ve surfed the Web looking for stories on Sun Capital’s bid to acquire Furniture Brands International, you may have read that FBI “rejected” the bid.

   
That’s not quite right. 
   

True, Furniture Brands executives expressed some disdain for the proposal last week from Sun Capital, which said the private equity group wants to acquire the big manufacturer and importer (parent of Broyhill, Lane, Thomasville, Drexel Heritage, Henredon and Maitland-Smith) for a “substantial premium” over its stock price.

   
But FBI officials didn’t reject the offer outright. They pointed out, quite correctly, that there was not enough information available to its board members for them to be able to assess it. Sun Capital didn’t even state a...Read More