Law & Health Weekly
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Boscov's Department Store LLC
Boscov's Extends Sale Process for Going Concern Sale Transaction
November 15th, 2008
Boscov's Department Store LLC (Boscov's) announced that it has extended the court-supervised sale process related to the sale of the Company's assets. A hearing on the sale is now scheduled for November 5 before Judge Kevin Gross. Despite the current financial environment, the sale process continues to move forward. It is business-as-usual in Boscov's stores, with the Company continuing to receive new merchandise daily in preparation for the holiday season. As previously announced, Boscov's entered into an Asset Purchase Agreement with Versa Capital Management, Inc., a Philadelphia-based private equity investment firm, pursuant to which the Boscov's...
Source: Law & Health Weekly (2008-11-15)
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