You are here
The Great Atlantic & Pacific Tea Co. Inc. (A&P) has extended the deadline for bid submissions for its stores in connection with its filing for Chapter 11 bankruptcy protection, according to a published report. The new deadline is Sept. 17.
The Montvale, N.J.-based grocer has also delayed the deadline by which it would cancel an auction because of a lack of qualified bidders from Sept. 15 to Sept. 18, the Lewisboro, N.Y., Daily Voice reported, while the deadline for publishing qualified bidders and for selecting opening bid amounts has been moved from Sept. 21 to Sept 25.
Additionally, the date for potential auctioning has been changed from Sept. 24-25 to Oct. 1-2. As a result, notice of the successful bidders will take place on Oct. 3 instead of Sept. 26. The deadline for parties to file objections to the successful bids is now Oct. 9 instead of Oct. 2, while the deadline for A&P's response to any objections has been rescheduled for Oct. 15 rather than Oct. 6. Finally, a sale hearing, the last part of the procss before the closing of the deals, has been put off to Oct. 16 from Oct. 7.