Emerisque Bid For Hartmarx Assets Too Low: Lenders

Law360, New York (May 29, 2009, 12:00 AM EDT) -- Wachovia Capital Finance Corp. filed an objection Friday to a bid by Emerisque Brands UK Ltd. and SKNL North America BV to purchase Hartmarx Corp.'s assets, arguing that the offer falls far short of covering the bankrupt suit maker's outstanding debt.

The Wells Fargo unit lodged its objection in the U.S. Bankruptcy Court for the Northern District of Illinois, in response to a May 21 motion by Hartmarx asking Judge Bruce Black to approve the asset sale to Emerisque and SKNL, subject to additional competitive bidding....
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