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Bon-Ton Files for Chapter 11 Bankruptcy Reorganization

Over the weekend, troubled department store chain The Bon-Ton Stores Inc. (OTCQX: BONT) filed voluntary petitions for a Chapter 11, U.S. Bankruptcy Court-supervised financial restructuring. It intends to use the process to explore potential strategic alternatives, which may include a sale of the company or its assets. As previously announced, the company is closing 47 stores in 2018, four of which closed in January and one store that is near completion…

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