Haggen Gets Green Light For $92M Bankruptcy Auction Plan

Law360, Wilmington (October 19, 2015, 8:11 PM EDT) -- A Delaware bankruptcy judge on Monday gave the nod to Washington state-based grocer Haggen Inc. for its plan to sell nearly three dozen California locations in a complex process that includes two stalking horse bids totaling $92 million and a potential auction in which suitors can bid on any number of stores.

During a hearing in Wilmington, U.S. Bankruptcy Judge Kevin Gross said that he would sign a bid procedures order for the sale process connected to 35 Haggen Holdings LLC stores in California and one...
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