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Hartmarx accepts stalking horse bid from Emerisque & SKNL
23 May '09
3 min read
Once the bidding procedures have been approved by the court, the company will announce the initiation of the formal bidding process. The bidding procedures, if approved, call for qualified interested parties to submit binding offers to acquire all or some of Hartmarx's assets within approximately four weeks of court approval of the bidding procedures. Assuming qualified bids are submitted, an auction would be held and then followed by a court hearing to approve the sale to the winning bidder or bidders.
Hartmarx Corporation
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