Macerich, other landlords file objections in Eddie Bauer bankruptcy - Los Angeles Business from bizjournals:

xoqylyjibo.wordpress.com
Eddie Bauer Holdings Inc. (NASDAQ: EBHI) wants a judger in U.S. bankruptcy court in Delaware to set a bid deadlin of July 14 and a July 16 date to auctiojn offthe retailer’s assets. But Macerich and the threes other landlords want more time to evaluate anyproposed deal. “The landlords did not creat debtors’ financial maladies, and shouldf not bear the consequences of this bankruptcy througn loss of theircontractual rights,” Macerich and the other landlord s said in a court filing Thursday. Eddie Bauetr filed for Chapter 11 bankruptc y protectionJune 17.
The New York private equity firm has made an offerd to buyEddie Bauer’a assets for $202 million, subjec t to an auction and bankruptcy courrt approval. CCMP has said it has agreee to keep most ofEddiwe Bauer’s 371 stores if it were the winninvg bidder. But the company said it would close an undisclosed number of underperforming leases space to Eddie Bauer atin Wash., and Portland’s Washingtojn Square. Also objecting in the bankruptcy case are Eddie Bauee landlords SouthgateMall Associates, The Forbes Co. and Collectively the four companieds lease space to 20 Eddie Bauer storese in14 states.