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The group trying to save Bon-Ton wanted $500K to cover due diligence. A judge said No. Is liquidation next?

An investor group’s signed letter of intent to acquire The Bon-Ton Stores Inc. and keep the business operating came with several conditions. One such requirement: Bon-Ton had to seek U.S. Bankruptcy Court approval to pay the group a $500,000 fee, which the consortium would use to cover due diligence…
Source: Morningcall

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