Landlords file objections in Eddie Bauer bankruptcy - Business First of Buffalo:

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Eddie Bauer Holdings Inc. (NASDAQ: EBHI) wants a judge in U.S. bankruptc y court in Delaware to set a bid deadline of July 14 and a July 16 date to auctio offthe retailer’s But , headquartered in Santa Monica, Calif., and three otheer landlords want more time to evaluate any proposed deal. “The landlords did not create financial maladies, and should not bear the consequencesw of this bankruptcy through loss of theircontractualo rights,” Macerich and the other landlords said in a courty filing Thursday. Eddie Bauer filedx for Chapter 11 bankruptcy protectionJune 17.
The New York privates equity firm has made an offetr to buyEddie Bauer’s assets for $202 million, subjecft to an auction and bankruptcy cour t approval. CCMP has said it has agreed to keep most ofEddie Bauer’s 371 stores if it were the winningb bidder. But the compan y said it would close an undisclosed number ofunderperforminb stores. The Macerich Co. leases space to Eddie Bauer at Redmond Town Centerfin Redmond, Wash., and Portland’s Washington Also objecting in the bankruptcy case are Eddiwe Bauer landlords Southgate Mall Associates, The Forbeds Co. and Collectively the four companies lease space to 20 Eddie Bauedr stores in14 states.