New owner surfaces in latest Filene

Alan Cohen, Filene’s chief restructuringh officer, confirmed Monday afternoon that Secaucus, N.J.-basec Syms (NASDAQ:SYMS) and New York-based Vornado (NYSE:VNO) agreed to pay aboutr $63 million for the A court hearing is set for Wednesday to approvrthe deal, Cohen The auction, which began Friday and was continued to took place about a week afte an affiliate of Men’x Wearhouse (NYSE:MW) agreed to buy the chain for $67 But Crown Acquisitions, the company that was first in line to buy Filene’x assets, filed an objection to the sale with allegationsx that Men’s Wearhouse didn’t follow bidding procedures.
Crown in courg filings described the first auction as a A judge sent the deal back for auctionbfollowing Crown’s objection. It wasn’t clear Mondaty if Syms and Vornado would acquire allof Filene’s stores. Both Men’sa Wearhouse and Crown had planned to acquire and keep open a butnot all, of Filene’s locations. The companyy has two Ohio stores, including one in Columbus. Filene’s Basement soughr protection from creditors in May in Delaware bankruptcy months after closingseveral Columbus-based (NYSE: RVI), whic maintains a majority stake in discoung shoe retailer (NYSE:DSW), sold the chain this year to FB II Acquisitionj Corp.
, a new entity owned by liquidationn and turnaround firm Buxbaum
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