Gottschalks Clinches Stalking Horse Bidder

Law360, New York (March 12, 2009, 12:00 AM EDT) -- Readying for a full liquidation sale, bankrupt regional department store chain Gottschalks Inc. has entered a stalking horse agreement with a private equity group for the proposed auction of its 58 stores and distribution center.

Gottschalks entered an agreement Monday with a joint venture comprised of SB Capital Group LLC, Tiger Capital Group LLC, Great American Group LLC and Hudson Capital Partners LLC, to provide baseline bids for the sale set to begin on April 3 and end on July 15, according to a filing with...
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