CBLAQ - No Higher Bids Were Received For Bankrupt Washington Prime Disappointing Short-Term Traders
- No other higher acceptable bids were received by the August 4 deadline.
- The Official Equity Committee is expected to file objections to the bidding procedure.
- Washington Prime's reorganization plan confirmation hearing has been reset for August 30 from August 12.
- CBL & Associates' bankruptcy plan confirmation hearing on August 11 could have a major impact on Washington Prime.
- Washington Prime securities are currently selling for higher-than-estimated recoveries.
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No Higher Bids Were Received For Bankrupt Washington Prime, Disappointing Short-Term Traders