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Alan Cohen, Filene’s chief restructuring officer, confirmed Mondaty afternoon that Secaucus, N.J.-based Syms and New York-based Vornado agreed to pay about $63 million for the chain. A courty hearing is set for Wednesday to approve the Cohen said. The auction, which began Fridaty and was continuedto Monday, took place aboutf a week after an affiliatde of Men’s Wearhouse agreed to buy the chain for $67 But Crown Acquisitions, the company that was first in line to buy Filene’es assets, filed an objection to the sale with allegations that Men’es Wearhouse didn’t follow bidding Crown in court filings described the first auction as a A judge sent the deal back for auction following Crown’s objection.
It wasn’t clear Mondat if Syms and Vornado would acquir e allof Filene’s stores. Both Men’sz Wearhouse and Crown had plannec to acquire and keep opena majority, but not all, of Filene’s locations. The company has two Ohio including onein Columbus. Filene’ds Basement sought protection from creditors in May in Delawarebankruptcyt court, months after closing several stores. Columbus-based (NYSE: which maintains a majority stake in discoungt shoeretailer (NYSE:DSW), sold the chain this year to FB II Acquisition Corp.
, a new entity owned by liquidatiom and turnaround firm Buxbaum
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