From 7th Monitor Report - I like it.
9.2 The Monitor’s Sixth Report set out the key milestone dates in the revised Hollister sales
process. Most notably, February 15, 2013 was the date set for the receipt of firm stalking
horse bids, which were to include mark ups of the purchase documents and the
corresponding bid procedures.
9.3 Three prospective purchasers submitted stalking-horse bids by the February 15, 2013
deadline. In this regard, the Company and its advisors, in consultation with the Lenders
are discussing the offers and next steps.
9.4 With regard to the Burnstone property, the Monitor has been in regular contact with the
BRP regarding the Burnstone sales process. The Monitor has been advised by the BRP
that multiple parties are engaged in the sales process at Burnstone and are continuing
with due diligence towards the bid deadline of March 29, 2013.
