Content about Auction theory

July 18, 2011
Borders closer to liquidation as no bidders come forward

Borders Group inched closer to liquidation after a 5 p.m. Sunday deadline passed and no bidders emerged to keep the bankrupt chain in business.

New York -- Borders Group inched closer to liquidation after a 5 p.m. Sunday deadline passed and no bidders emerged to keep the bankrupt chain in business. 

Late last week, investor Najafi Cos. decided to drop out of an effort to keep Borders' remaining 400 stores open.

April 6, 2011
Dish Network wins auction, acquiring Blockbuster for $228 million

Satellite TV company Dish Network Corp. said Wednesday that it won the auction for Blockbuster with a bid valued at $228 million in cash.

New York City -- Satellite TV company Dish Network Corp. said Wednesday that it won the auction for Blockbuster with a bid valued at $228 million in cash. The transaction, expected to close the deal during the second quarter, needs bankruptcy court approval.

As of Tuesday, Dish, investor Carl Icahn and a group of debt holders were the three remaining bidders for the Dallas movie-rental chain, which filed for Chapter 11 in September.

April 5, 2011
Blockbuster auction to continue into second day

Blockbuster's bankruptcy auction is set to stretch into a second day on Tuesday after preliminary talks between bidders and the chain's representatives dragged on late into Monday, a company spokesman said.

New York City -- Blockbuster's bankruptcy auction is set to stretch into a second day on Tuesday after preliminary talks between bidders and the chain's representatives dragged on late into Monday, a company spokesman said.

Blockbuster did not say how many bidders it attracted, but halls outside the auction room in Manhattan bankruptcy court were packed with attorneys and investment bankers refining their bids throughout Monday, Reuters reported.

April 1, 2011
Report: New bidders emerge for Blockbuster

Several bidders, including Dish Network Corp. and billionaire investor Carl Icahn, are ready to battle for Blockbuster at a bankruptcy auction in New York on Monday, the Associated Press reported.

New York City -- Several bidders, including Dish Network Corp. and billionaire investor Carl Icahn, are ready to battle for Blockbuster at a bankruptcy auction in New York on Monday, the Associated Press reported. The chain, which filed Chapter 11 in February, has received several bids other than the opening bid of $290 million from a group of debtholders made in February.

Dish and Icahn have each submitted a bid, The Wall Street Journal reported Friday.

December 30, 2010
Report: BJ’s Wholesale may face hostile bid from Leonard Green & Partners

BJ’s Wholesale Club is in the sights of private equity firm Leonard Green & Partners, which may pursue a hostile bid for the chain, according to The New York Post.

New York City -- BJ’s Wholesale Club is in the sights of private equity firm Leonard Green & Partners, which may pursue a hostile bid for the chain, according to The New York Post.

The Los Angeles-based buyout firm may make a bid if no auction occurs in coming weeks, the report said, citing an unidentified person close to the situation. BJ’s planned an auction to sell itself after an earlier bid from Leonard Green, according to the newspaper.

July 13, 2010
Hilco Real Estate announces auction of seven bank-owned properties

Hilco Real Estate announced that it will sell six land parcels, located in California, Louisiana...

May 31, 2010
Report: Private-equity firms bidding for RadioShack

Several large private-equity firms have submitted bids to acquire electronics retailer RadioShack, and competitor Best...

January 4, 2009
Shoppers Visit Online Auction Sites in Post-Holiday Season

Millions of bargain shoppers are turning to online auction sites to save money after the...

March 18, 2008
Charlotte Russe Extends Offer Deadline

Charlotte Russe Holding Inc. said Wednesday its board approved an extension of the expiration date...

January 10, 2006
Bain Reportedly Leader in Auction for Burlington Coat

New York City, ...