Linens 'n Things bid procedures for North Carolina property sale OK'd

By Jennifer Lanning Drey

Portland, Ore., Aug. 14 - Linens Holdings Co. received court approval of the bidding procedures related to the proposed sale of its Greensboro, N.C., property, according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

As previously reported, the company has not selected a stalking horse bidder in connection with the sale.

Qualified bids must be received by 4 p.m. ET on Sept. 9 and must be for at least $3.5 million.

If multiple bids are received, an auction will be held on Sept. 15.

The sale hearing is scheduled for Sept. 18.

Linens 'n Things, a Clifton, N.J., home furnishings specialty retailer, filed for bankruptcy on May 2, 2008. Its Chapter 11 case number is 08-10832.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.