Express Files For Chapter 11 Bankruptcy Protection [Yahoo! Finance]
Simon Property Group, Inc. (SPG)
Last simon property group, inc. earnings: 2/4 07:30 am
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Source: Yahoo! Finance
Eleven affiliated firms also filed their respective Chapter 11 petitions. The bankruptcy filing was expected since earlier this year. Credit monitoring firm Creditsafe said at the time that late payments have been a consistent problem at Express, an indication of ongoing liquidity problems More from Sourcing Journal Shrink Contributed to 99 Cents' Demise, And So Did An LBO Report: Express Moving Closer to Bankruptcy Filing Near-Bankrupt Outdoor Voices Sued for $2.5 Million By Jilted Supplier The retailer said it has received a nonbinding letter of intent from a consortium led by brand management firm WHP Global. Other members of the consortium include mall landlords Simon Property Group and Brookfield Properties. The offer is for the sale of a majority of the chain's retail stores and operations. But given that it is a nonbinding offer, others could come in and kick the tires. Sources said that Sycamore has already been snooping around and pondering a possible offer. Sycam
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SPG
Earnings
- 2/5/24 - Beat
SPG
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- SPG's page on the SEC website