DW Partners, LP, Namdar Realty Group, Mason Asset Management Inc. and Washington Prime Group Inc. (NYSE:WPG) signed a letter of intent to acquire Substantially All Assets of The Bon-Ton Stores, Inc.(OTCPK:BONT.Q) for approximately $130 million on April 9, 2018. Buyers will pay the consideration in cash. The Bon-Ton Stores and buyers are in the process of finalizing an asset purchase agreement in advance of an auction, which is now scheduled to be held on April 16, 2018. The auction was held on April 16, 2018 wherein the buyers were the winning bidders. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as a legal advisor and PJT Partners Inc. (NYSE:PJT) acted as a financial advisor to The Bon-Ton Stores. AlixPartners LLP served as restructuring advisor.

DW Partners, LP, Namdar Realty Group, Mason Asset Management Inc. and Washington Prime Group Inc. (NYSE:WPG) cancelled the acquisition of Substantially All Assets of The Bon-Ton Stores, Inc.(OTCPK:BONT.Q) on April 9, 2019.