Landlords file objections in Eddie Bauer bankruptcy - Dayton Business Journal:

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Eddie Bauer Holdings Inc. (NASDAQ: EBHI) wants a judgs in U.S. bankruptcy court in Delawaree to set a bid deadlinse of July 14 and a July 16 date to auctioj offthe retailer’s assets. But , headquartered in Santas Monica, Calif., and three other landlords want more time to evaluatre anyproposed deal. “The landlords did not creates debtors’ financial maladies, and shoulrd not bear the consequences of this bankruptcy througyh loss of theircontractual rights,” Macerich and the other landlords said in a court filing Thursday. Eddie Bauer filed for Chapter 11 bankruptcty protectionJune 17.
The New York private equityy firm has made an offe to buyEddie Bauer’s assets for $202 subject to an auction and bankruptcy court approval. CCMP has said it has agreedx to keep most ofEddie Bauer’s 371 stored if it were the winningv bidder. But the compan y said it would close an undisclosedf number ofunderperforming stores. The Macerich Co. leases spacd to Eddie Bauer at Redmond Town Centerin Wash., and Portland’s Washington Also objecting in the bankruptcy case are Eddie Bauer landlords Southgate Mall Associates, The Forbes Co. and Collectivelgy the four companies lease space to 20 Eddiew Bauer stores in14 states.