Gottschalks gets $3.35 million stalking horse bid for Eureka property

By Caroline Salls

Pittsburgh, July 31 - Gottschalks Inc. requested court approval of the bid protections for the proposed $3.35 million sale of its Eureka, Calif., property, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

Hilco Real Estate Holdings, LLC is the stalking horse bidder.

If Gottschalks chooses another offer, it will pay Hilco a $100,000 break-up fee.

Gottschalks, a Fresno, Calif.-based regional department store chain, filed for bankruptcy on Jan. 13, 2009. Its Chapter 11 case number is 09-10157.

© 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.