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Bon-Ton Files for Ch. 11 Bankruptcy Reorganization

Over the weekend, troubled department store chain The Bon-Ton Stores Inc. (OTCQX: BONT) filed for a court-supervised financial restructuring under Chapter 11 of the U.S. bankruptcy code. The retailer said it plans to use the process to continue considering its options, including a sale of the company or its assets. The move was expected after the company previously announced plans to close 47 stores in 2018. Bon-Ton said it has received a commitment…

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