The Bon-Ton Stores, Inc., filed a notice for the selection of stalking horse bidder in the US Bankruptcy Court for the sale of substantially all its assets on April 18, 2018. As per the notice, the contractual joint venture comprised of GA Retail, Inc. and Tiger Capital Group, LLC and Wilmington Savings Fund Society, FSB has been selected as the agency agreement winning bidder for the sale of substantially all debtor assets for a purchase price of $574.83 million in cash and $125 million credit bid. A contractual joint venture of Hilco Merchant Resources, LLC and Gordon Brothers Retail Partners, LLC was determined to be the Back-Up Bid.