http://en.wikipedia.org/wiki/index.html?curid=1838575#The_New_Dresser
GTO,
"Because they only sold it for enough to cover the BOD's pay for the next few months...??"
You're probably closer to the truth than we'd like to know, but as a privately held company operating on need to know. Why would they bother to announce?
The fact that they bought is good enough!