The Bon-Ton Stores Inc. (BONTQ)

[joe_techi]

Bon-Ton had been discussing a restructuring deal that would have put the company into bankruptcy with the blessing of its creditors, some of whom would get new notes and equity in exchange for their debt, the company said this week in the filing. One plan hinged on the company finding a buyer who would possibly invest between $45 million and $60 million in exchange for a controlling stake of the reorganized retailer. PJT had contacted 21 prospective suitors, according to the documents. “A subset of these parties” were evaluating an investment as of Jan. 19, the filing said.

https://www.bloomberg.com/news/articles/2018-02-02/bon-ton-is-said-to-prepare-bankruptcy-as-rescue-plan-collapses

I assume any reorg will result in current stock being worthless