Sun Television and Appliances

Sun Television and Appliances

Infobox_Defunct_Company
company_name = Sun Television and Appliances
company_
fate = Bankruptcy
defunct = 1998
foundation = Unknown
location = Columbus, Ohio, USA
industry = Retail
products = Computers, Televisions, Home Audio, Car Audio, VCRs, Freezers, Washers, and Dryers.
homepage = None

Sun Television and Appliances was a speciality retailer of consumer electronics and home appliances. The company had stores in cities throught the midwest, and also operated stores in rural areas, where there was no other competitioncite news
title = Sun TV announces 20-store expansion
url = http://columbus.bizjournals.com/columbus/stories/1997/11/17/daily15.html
work = Columbus Business First
pages =
page =
date = November 20, 1997
accessdate = 2006-09-29
language = English] in Ohio, Indiana, New York, Pennsylvania, Maryland, West Virginia, Virginia and Kentucky.Fact|date=June 2008

In late 1996, Indiana-based H.H. Gregg Appliances and Electronics had arranged to purchase Sun in an $87.5 million deal that would have paid $5 per share to the owners of Sun's 17.5 million outstanding shares.cite news
title = Indiana chain buys Sun Television
url = http://www.bizjournals.com/columbus/stories/1996/12/09/daily7.html
work = Business First of Columbus
date = December 11, 1996
accessdate = 2006-09-29
language = English] However, H.H. Gregg withdrew from the deal over concerns regarding Sun's financial condition.cite news
title = H.H. Gregg takes over closed Sun TV sites
url = http://columbus.bizjournals.com/columbus/stories/1999/04/12/daily1.html
work = Business First of Columbus
date = April 12, 1999
accessdate = 2006-09-29
language = English]

The company ceased operations in 1998 after filing for Chapter 11 bankruptcy in September of that year, and after attempts to sell the company as a going concern failed.cite news
title = SUN TELEVISION: Announces Decision To Liquidate
url = http://bankrupt.com/TCR_Public/981104.MBX
work = Troubled Company Reporter
publisher = InterNet Bankruptcy Library
date = November 4, 1998
accessdate = 2006-09-29
language = English] Some locations were purchased by H.H. Gregg Appliances and Electronics, and were reopened as H.H. Gregg locations.

References

External links

* [http://www.business.com/directory/retail_and_consumer_services/consumer_electronics/sun_television_and_appliances,_inc/profile/ Company profile] (business.com)


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