CHANDLER, Ariz. — Bashas' here said Thursday it is in the process of securing new financing that could allow it to emerge from Chapter 11 bankruptcy protection by August. In a letter to employees, Edward N. Basha 3rd, senior vice president, said the company has been negotiating for the past two weeks with two investment banking firms — which he did not name — both of which are interested in arranging new financing for the company. According to Basha, the financing would fully repay the ...
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