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“There’s plenty of interest in the assets,” a noteholder attorney said.“It’s just not interest of the kind the debtors and their management team want.” The letter of intent gives the investor group and Bon-Ton until Sunday to reach a definitive agreement.
AIR COMPRESSOR (11) AIR DRYER (3) BALER (1) BENDER (2) BOOTH (8) BUCKET (1) CAR (1) CARTS (1) CLEANING (4) CONVEYOR (12) CORE (14) CRANE (7) CRUSHER (1) DIVIDERS (1) DUST COLLECTOR (14) ELEVATOR (4) FLASKS (2) WELDING BOOTH 33' X 30' WITH TWO 12' OPENINGS ON ONE SIDE, SIDE DRAFT EACH END, HARRINGTON 1 TON HOIST EACH SIDE WITH BRIDGE 15', MAN DOOR EACH SIDE, ON BACK SIDE 4- 52" X 60" HIGH OPENING AND APPROX. emerging from bankruptcy as an operating business took a major hit Wednesday as a bankruptcy judge denied a request from the company to pay some of the fees for the lone bidder interested in buying the business as a going concern.The ruling by the judge makes it more likely that the company is headed for liquidation.“We remain in active discussions with DW Partners and other members of the investor group to complete an asset purchase agreement as we proceed toward the court-supervised auction scheduled to be held on April 16,” said Bon-Ton spokeswoman Christine Hojnacki.Boston Store, one of the most iconic retailers in the Milwaukee area, will go out of business now that a U. bankruptcy court has approved an agreement for Los Angeles-based Great American Group LLC and New York-based Tiger Capital Group LLC to purchase the assets of The Bon-Ton Stores Inc. It has its headquarters in Milwaukee and York, Pennsylvania.
to secure a bid that would have kept Bon-Ton in business.