La-Z-Boy Signs Agreement to Sell Bauhaus, USA; Terms Undisclosed

La-Z-Boy Incorporated (NYSE: LZB ) today announced it signed an agreement to sell Bauhaus U.S.A., Inc., an operating company within La-Z-Boy's upholstery segment, to an investor group led by Britt Allred, President, Bauhaus. Terms of the transaction, which is expected to close in the fiscal 2014 fourth quarter,