Entries from Chicagoist tagged with 'bankruptcy>'
December 17, 2007
The numbers to the left tell the story. Hyde Park Co-Op shareholders voted by a wide margin in favor of a buyout by the University of Chicago and close the store by the end of January. Under terms of the proposal, which can be viewed here, Hyde Park Co-Op is absolved of the $1.2 million back rent it owes U of C on its 55th Street location, will pay a one-time payment of $1 million......
Continue Reading "Hyde Park Co-Op Shareholders Vote to Close Flagship Store"December 5, 2007
On Tuesday a federal judge approved a $24.8 million deal which allows Pennsylvania-based Snyder's of Hanover to buy Jays Potato chips. The deal brings closure to the local potato chip icon's second Chapter 11 bankruptcy filing in four years and speculation that a deal with Snyder's would even be allowed because of the bankruptcy filing. As part of the fallout of the deal, Jays' longtime production facility on the far south side closed yesterday, leaving......
Continue Reading "More Bleeding at Jays"