mall owners

Investor Group Moves Closer To Acquiring Bon-Ton

The Bon-Ton Stores said it has received a signed letter of intent from an investor group composed of DW Partners, Namdar Realty Group including its partner Mason Asset Management, and Washington Prime Group to acquire the department store retailer as a going concern in a bankruptcy court-supervised sale process.

Report: Mall Owners In Bid To Buy Bon-Ton

According to a Reuters report, mall owners Namdar Realty Group and Washington Prime Group Inc. are in talks to acquire Bon-Ton Stores jointly out of bankruptcy.