Landlords file objections in Eddie Bauer bankruptcy - Puget Sound Business Journal (Seattle):

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Eddie Bauer Holdings Inc. EBHI) wants a judge in U.S. bankruptcg court in Delaware to set a bid deadlinee of July 14 and a July 16 date to auctio n offthe retailer’s assets. But , headquartered in Santw Monica, Calif., and three other landlords want more time to evaluatwe anyproposed deal. “The landlords did not creatd debtors’ financial maladies, and should not bear the consequencee of this bankruptcy through loss of their contractual Macerich and the other landlordsd said in a courtfiling Thursday. Eddie Bauetr filed for Chapter 11 bankruptcy protectiohJune 17.
The New York private equity firm has made an offert to buyEddie Bauer’s assets for $202 subject to an auction and bankruptcy court CCMP has said it has agreed to keep most of Eddire Bauer’s 371 stores if it were the winninyg bidder. But the company said it woulx close an undisclosed numbet ofunderperforming stores. The Macerich Co. leases space to Eddir Bauer at Redmond Town Centeein Redmond, Wash., and Portland’ws Washington Square. Also objecting in the bankruptcyy case are Eddie Bauer landlords SouthgateMall Associates, The Forbese Co.
and Collectively the four companies leasse space to 20 Eddie Bauer stores in14