Brief: Bon Ton Stores Receives Letter Of Intent From DW Partners, Namdar Realty And Washington Prime Group

Bon-Ton Stores

10/04/2018 02:18

April 9 (Reuters) - Bon-Ton Stores Inc:
    * BON-TON STORES, INC. RECEIVES SIGNED LETTER OF INTENT FROM
DW
PARTNERS, NAMDAR REALTY GROUP AND WASHINGTON PRIME GROUP
    * CO, INVESTOR GROUP IN PROCESS OF FINALIZING ASSET PURCHASE
AGREEMENT IN ADVANCE OF AUCTION, NOW SCHEDULED TO BE HELD ON
APRIL 16
    * RECEIVED LOI PURSUANT TO WHICH INVESTOR GROUP PROPOSES TO
ACQUIRE CO AS A GOING CONCERN IN BANKRUPTCY COURT-SUPERVISED
SALE PROCESS
    * BON-TON IS CONTINUING TO OPERATE IN THE ORDINARY COURSE AS
CO
COMPLETES ITS COURT-SUPERVISED RESTRUCTURING PROCESS
    * RECEIVED SIGNED LETTER OF INTENT FROM INVESTOR GROUP
COMPOSED OF
DW PARTNERS, NAMDAR REALTY GROUP AND WASHINGTON PRIME GROUP

Source text for Eikon:  ID:nPn7qYMBma 
Further company coverage:  BONTQ.PK 

 ((Reuters.Briefs@thomsonreuters.com;))