Bankrupt chain spells out what it wants for its stores, dealer business

摘要

Uni-Marts has put a minimum $17.7 million price-tag on its c-store and dealer business, excluding fuel and merchandise, as part of a "stalking horse" deal with Philadelphia-area marketer Atlantis Petroleum. A "stalking horse" agreement sets a floor price on a bankrupt company's assets and becomes the number that rival bidders must beat at any bankruptcy auction. Uni-Marts filed for Chapter 11 bankruptcy earlier this month. The State College, Pa.-based firm listed unsecured debts in excess of $21.5 million, with BP and ExxonMobil the largest fuel creditors, as exclusively reported (OE 06/09/08).