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BRIEF-hhgregg executed consulting agreement with a contractual JV
March 31, 2017 / 10:26 AM / 9 months ago

BRIEF-hhgregg executed consulting agreement with a contractual JV

March 31 (Reuters) - hhgregg Inc:

* hhgregg - on March 29, co executed consulting agreement with a contractual JV comprised of Tiger Capital Group Great American Group

* hhgregg-Consulting deal appoints Tiger Capital Group,Great American Group to conduct sale of merchandise in 132 retail store locations,distribution centers

* hhgregg - sales of merchandise shall commence on april 8, only to extent that no acceptable going concern bids are received by company by April 7

* hhgregg - based on terms of consulting deal, co does not anticipate any value will remain from bankruptcy estate for holders of co’s common stock

* hhgregg-As per consulting agreement, Tiger Capital Group, Great American Group shall be payed in amount equal to 1.25pct of proceeds from merchandise's sale Source text:(bit.ly/2nmiUAU) Further company coverage:

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