Federated Department Stores Inc.

News & Analysis

creditor and federated department stores inc. - All News and Analysis

• May Co., Penney's winning bidders for Woodies chain; offer of $589 million tops Federated-led bid by $21 million.(May Department Stores Co., J.C. Penney and Co. Inc., Woodward & Lothrop Inc., Federated Department Stores Inc.)

  - 1995-08-09

  A bankruptcy court has declared that the joint J.C. Penney & Co Inc/May Department Stores Co bid for Woodward & Lothrop Inc (W&L) will give W&L creditors the best deal. Penney's and May Co bid $589 million cash to acquire 24 of W&L's 29 stores, beating by $21 million a...

  Tags: creditor, Federated Department Stores Inc., Litigation, May Department Stores Co., Penney

• May, Penney's bid for Woodies still higher than Federated. (May Department Stores Co., J.C. Penney Co. Inc., Woodward & Lothrop Inc.; Federated Department Stores Inc.)(Brief Article)

  - 1995-08-08

  NEW YORK FNS -- May Department Stores Inc. and J.C. Penney remained the highest bidders in the Woodward & Lothrop Inc. sweepstakes late Monday, less than 24 hours before a bankruptcy court hearing to determine the winning offer for the department store chain. May and Penney's,...

  Tags: bankruptcy, creditor, Federated Department Stores Inc., J.C. Penney Co. Inc., Litigation, May Department Stores Co.

• May, Penney's outbid Federated in battle for Woodies Stores; top first bid by $58 million. (May Department Stores Co., J.C. Penney Co. Inc., Woodward & Lothrop Inc.)(Brief Article)

  - 1995-07-28

  NEW YORK FNS -- The battle for the assets of Woodward & Lothrop Inc. heated up Thursday when the May Department Stores Co. and J.C. Penney Co. Inc. submitted a stunning bid that tops by $58 million an earlier purchase offer by a group led by Federated...

  Tags: creditor, Federated Department Stores Inc., J.C. Penney Co. Inc., Litigation, May Department Stores Co., Penney

• Court confirms Federated/Macy's plan of reorganization; Macy's creditors vote overwhelmingly in favor

  - 1994-12-08

  CINCINNATI and NEW YORK--BUSINESS WIRE--December 8, 1994-- Federated Department Stores, Inc. and R.H. Macy & Co., Inc. today announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed their joint plan of reorganization, paving the way for Macy's to emerge from chapter 11 and merge...

  Tags: creditor, Federated Department Stores Inc., FINANCE, Investment, Litigation, Macy, Retail, SALES

• Federated still hot on Macy's trail, may increase its purchase proposal. (Federated Department Stores Inc., R.H. Macy and Co. Inc.)

  - 1994-06-10

  Macy's creditor Federated Department Stores Inc is moving ahead with its proposed acquisition of R.H. Macy and Co Inc, and is working to obtain the support of the court-appointed mediator, Cyrus Vance, and the other Macy's creditors. Macy's meanwhile is expected to file its reorganization plan during the court-designated exclusivity...

  Tags: creditor, Federated Department Stores Inc., FINANCE, Investment, Macy

• Macy's, Federated staging bitter battle of words. (R.H. Macy & Company Inc., Federated Department Stores Inc. criticize each other's bankruptcy reorganization proposals)

  - 1994-05-11

  R.H. Macy and Company Inc (Macy's) and Federated Department Stores Inc have publicly criticized each other's reorganization proposals for Macy's bankruptcy filing. Macy's officials oppose the Federated plan, which would merge the two companies. Both reorganization plans include provisions to pay claims by unsecured creditors for about 31 cents on...

  Tags: bankruptcy, creditor, Federated Department Stores Inc., FINANCE, Investment, Litigation, Macy

• Federated, Fidelity expected to offer competing plans for R.H. Macy soon. (Federated Department Stores Inc., Fidelity Investments Inc. to offer bankruptcy reorganization plans for R.H. Macy & Co. Inc.)

  - 1994-04-13

  Retail industry sources expect Federated Department Stores Inc and Fidelity Investments Inc to present competing proposals to a bankruptcy reorganization plan proposed by R.H. Macy and Co Inc. Secured creditors are eager to have the company emerge from Chapter 11 bankruptcy proceedings quickly while unsecured creditors will benefit from a...

  Tags: bankruptcy, bondholder, creditor, Federated Department Stores Inc., Fidelity Investments, Litigation, Macy

• Macy's gives Federated plan the cold shoulder; but Wall Street reacts positively to proposed Macy's-Federated merger. (R.H. Macy and Co., Federated Department Stores Inc.)

  - 1994-01-04

  Federated Department Stores Inc has launched a bid to ultimately take control of R.H. Macy and Co. In early Jan 1994, Federated bought a $500-million stake in Macy's secured debt to Prudential Insurance Co, with the hope of influencing a reorganization/merger of the two retail businesses. Although top executives met...

  Tags: cold, creditor, Federated Department Stores Inc., FINANCE, Investment, Litigation, Macy, merger

• Federated's creditors approve Chap. 11 plan. (Federated Department Stores Inc. and Allied Stores Corp.) (Brief Article)

  - 1991-12-24

  NEW YORK FNS -- Federated Department Stores and Allied Stores Corp. said Monday that creditors in all major classes had accepted their proposed Chapter 11 plan, according to a preliminary count, marking another major step toward completion of the companies' reorganization. Hearings on...

  Tags: creditor, Federated Department Stores Inc., FINANCE, Investment, Litigation

• Most big chains in Chapter 11 expected to emerge. (Federated Department Stores Inc., Allied Stores Corp., Carter Hawley Hale Stores Inc., P.A. Bergner & Company Inc., Ames Department Stores Inc., Hills Department Stores Inc., and Stuarts Department St

  - 1991-12-11

  NEW YORK FNS -- Although the recession has made the rocky road out of Chapter 11 more difficult, bankruptcy specialists expect most major retailers currently reorganizing to make it. Troubles facing the retailers attempting to reorganize in Chapter 11 include: scar-city of post-confirmation...

  Tags: bank, bankruptcy, creditor, factoring, Federated Department Stores Inc., FINANCE, financing, Investment, Litigation, Retail