May Department Stores Co.

News & Analysis

creditor and may department stores co. - 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.

• Federated may up W&L ante. (Federated Department Stores; acquisition battle for Woodward & Lothrop)

  - 1995-08-07

  Federated Department Stores and May Department Stores could engage in a bidding war for bankrupt department store chain Woodward & Lothrop (W&L). On Jul 27, 1995, May and J.C. Penney made a joint bid that exceeded Federated's previous bid by $58 million. Experts expect Federated to better the May/Penney offer....

  Tags: acquisition, analyst, bankruptcy, creditor, Litigation, Macy, May Department Stores Co., Philadelphia, Washington

• 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