EL SEGUNDO, Calif. — Fresh & Easy Neighborhood Market here said it has canceled the auction for its stores after Yucaipa Cos. was the lone bidder.
In documents filed with the U.S. Bankruptcy Court in Wilmington, Del., Fresh & Easy said a hearing to approve Yucaipa’s bid was scheduled for late last week.
Under the proposed deal, an affiliate of Tesco, Fresh & Easy’s British-based parent company, would lend YFE Holdings, a Yucaipa affiliate, approximately $126.5 ...
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