The Bon-Ton Stores, Inc. (OTCPK:BONT.Q) is in active discussions with interested parties in respect of a going-concern bid to acquire the company in a Bankruptcy Court-supervised sale process. As a result of these discussions, BonTon sought and received approval from its lenders to extend the deadline for submitting qualified bids from April 2, 2018, to April 4, 2018. Bon-Ton will evaluate all qualified bids with the assistance of its advisors to determine which bids maximize value for the company and all of its stakeholders. There can be no assurances that discussions with these interested parties will lead to a definitive agreement being reached on any transaction. The company expects to conduct an auction pursuant to section 363 of the U.S. Bankruptcy Code on April 9, 2018, after which a Court hearing will take place to approve a sale on April 13, 2018.