US regional supermarket operator Eagle Food Centers is asking the bankruptcy court handling its Chapter 11 case to approve sale and bidding procedures for the sale of its assets.
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The company, which filed for bankruptcy protection in April, does not currently have a prospective buyer for its assets but believes that court approval of formal bidding procedures may attract interested parties, reported Dow Jones Newswires.
A court hearing regarding procedures for the sale and auction of Eagle Food’s assets is scheduled to take place today [Friday] in Chicago.
According to court papers, Eagle Food Centers plans to sell all of its stores and related inventory, as well as its infrastructure, systems and intangible property, and related assets.

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