I got an email from a gardening friend a couple of days ago, just confirming the news that we all knew was coming. The bankruptcy auction has been scheduled for Park Seed and it's various divisions (including Jackson & Perkins), part of the Chapter 11 "restructuring" the company is undergoing.
What a sad ending for an American institution. I don't think there are many gardeners who couldn't recognize this logo as quickly as the golden arches.