The Fishers-based company would not provide details on the offers, which it is evaluating with creditors. The fate of its 44 remaining stores likely will be determined next week.
Fishers-based Marsh Supermarkets has received offers for at least some of its remaining 44 stores “from numerous bidders,” the company said Wednesday evening, less than two hours after the bid deadline set by bankruptcy court.
The deadline was Monday for the company to identify a so-called stalking horse bidder, which would make an initial offer for the grocer's assets that any other suitor would have to beat. Bidders for the business still could emerge, but time is running out.
Landlords across Indiana are feeling the pain from the collapse of Marsh Supermarkets, but none more so than a Canadian firm that had as many as 12 of the grocer’s stores in its portfolio.
The plan, approved by a bankruptcy judge, allows 10 employees to collectively receive up to $1.1 million in bonuses if certain conditions of a sale are met.
A federal agency likely will step in and pick up the unfunded-pension tab once Marsh Supermarkets exits Chapter 11 bankruptcy. That's not an unusual situation for companies that have been owned by private equity firm Sun Capital Partners.
Sun Capital Partners has relinquished controlling ownership of Marsh Supermarkets to a limited liability company that plans to sell the assets of remaining stores at auction a month from now, bankruptcy papers show.
Indiana Sports Corp. and Visit Indy officials did their due diligence at the last two NFL drafts in Chicago and Philadelphia and are pondering pitching an outdoor site for the event.
Pacers President of Basketball Operations Larry Bird on Monday delivered the city’s bid to host the 2021 NBA All-Star Game to NBA executives in New York City in a specially-themed IndyCar.
The public course, an anchor for the neighborhood bounding West 56th Street in Pike Township, closed in late 2015 after the previous owner defaulted on a $2.4 million bank loan.
The NBA All-Star Game is broadcast to 215 countries and territories in 49 languages, according to NBA officials. In China alone, nearly 40 million people watch the game and another 10 million do so in Europe.
Rundell Ernstberger Associates' design features an interactive fountain and an event lawn accommodating up to 1,500 people. The first proposal, from another architect, was scrapped because it was too expensive.
The bill by Rep. Greg Beumer, R-Modoc, makes it a misdemeanor for store owners to knowingly sell products designed to fraudulently pass drug or alcohol tests.
