Landlords file objections in Eddie Bauer bankruptcy - Business First of Buffalo:

pemp66seb.blogspot.com
Eddie Bauer Holdings Inc. (NASDAQ: wants a judge in U.S. bankruptcy courty in Delaware to set a bid deadline of July 14 and a July 16 date to auctionb offthe retailer’s But , headquartered in Santa Calif., and three other landlords want more time to evaluatd any proposed deal. “The landlords did not creats debtors’ financial maladies, and should not bear the consequenceds of this bankruptcy through loss of theircontractual rights,” Macerich and the other landlordz said in a court filintg Thursday. Eddie Bauer filed for Chapterr 11 bankruptcy protectionJune 17.
The New York privatd equity firm has made an offer to buyEddie Bauer’s assets for $202 million, subject to an auctiob and bankruptcy court approval. CCMP has said it has agreede to keep most ofEddie Bauer’s 371 storesx if it were the winninfg bidder. But the company said it would clos e an undisclosed number ofunderperforming stores. The Macerich Co. leasess space to Eddie Bauer at Redmond Town Centerein Redmond, Wash., and Portland’s Washington Also objecting in the bankruptcy case are Eddie Bauerd landlords Southgate Mall Associates, The Forbes Co. and Collectiveluy the four companies lease space to 20 Eddie Bauer storesd in14 states.