Liquidators win the bid to close Bon-Ton stores

The Bon-Ton Stores, Inc. has announced that in an auction for the company's assets held pursuant to Section 363 of the US Bankruptcy Code, a joint venture composed of the holders of the company's 8 percent Second Lien Secured Notes due 2021 and Great American Group, LLC and Tiger Capital Group, LLC will acquire the inventory and certain other assets of the company. The company added that a hearing by the Bankruptcy Court to approve the sale and wind-down of the company's operations is scheduled for April 18, 2018.