Bon-Ton Stores says in active discussions with bidder
31/03/2018 02:21
March 30 (Reuters) - Bankrupt regional department store
chain Bon-Ton Stores Inc BONTQ.PK is in active discussions
with a bidder to acquire the company, and had received approval
from lenders to extend the deadline for submitting bids for the
chain, it said on Friday.
The company said it had received approval to extend the
deadline for submitting qualified bids by two days to April 4.
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The store chain filed for bankruptcy protection to
restructure its debt and explore a potential sale last month,
and plans to hold an auction for sale of the company on April 9.
(Reporting by Manas Mishra in Bengaluru
Editing by Susan Thomas)
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