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

By Mr. Walnut Port on April 12, 2018

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

Published in Walnutport News

Mr. Walnut Port
Mr. Walnut Port

We are the citizens of Walnutport. We must unite and organize to develop community and stay ahead of the ever changing world that would decide and define the fate of our fine Borough.

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