Bassett Furniture unanimously rejects two acquisition proposals from CSC Generation Holdings

BASSETT FURNITURE INDUSTRIES INC

Board rejected both unsolicited, non-binding proposals, citing significant undervaluation.
Most recent proposal was $21.00 per share in cash; prior terms not disclosed.
Board deemed proposals 'highly opportunistic' given recent stock market turmoil.
CEO noted CSC lacks understanding of Bassett's business and omnichannel strategy.
Company reaffirmed confidence in creating shareholder value over near and long term.

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