March 8, 2018 / 11:09 PM / in 3 months

Bankrupt retailer Bon-Ton battles noteholders who are mulling bid

Bankrupt department store chain Bon-Ton Stores Inc is seeking to block a potential bid by investors with nearly $252 million of its notes from making an offer for its assets if the company chooses to pursue a sale.

Bon-Ton filed for Chapter 11 bankruptcy last month, marking the first filing of 2018 by a major brink-and-mortar retailer, to pursue a reorganization or potential sale.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2Fp80In

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