Haggen is seeking a court hearing on October 19, 2015 to hear the Company’s proposed global bid procedures. Parties interested in participating in the sale of stores need to submit an indication of interest by no later than October 26. The procedures provide for a deadline for submission of bids to purchase some or all of the assets on 5:00 p.m. ET on November 2, with an auction scheduled on November 9. The hearing to consider the results of the auction will be held on November 24. In the event no auction is conducted for a stalking horse package or if one of the stalking horse bidders is the successful bidder for its package after the auction and the contracts identified in the original bid have not changed, a sale hearing for those stores will be held on November 13 instead. All dates are tentative and subject to bankruptcy court approval.
Haggen previously requested approval to begin going out of business sales in the identified non-core locations and will exit operations during the last weeks of November. The sale process has been designed to be fair and transparent in order to derive the highest bid for the stores and to maximize value for the estate and creditors in an orderly process. The procedures will allow the sale auction(s) to be conducted in a controlled, fair and open fashion that will encourage participation of financially capable buyers.
Haggen also filed motions to approve two separate asset purchase agreements for stalking horse bidder packages. Gelson’s Markets signed an asset purchase agreement for 8 stores in California and Smart & Final LLC signed an agreement for 28 stores in California and Nevada. Both agreements are subject to bankruptcy court approval.
No Word Yet on the Clairemont Store but some Haggen Markets Could become Gelson’s Markets or Smart & Final
Carlsbad – El Camino Real
Del Mar – Via De La Valle
Listed as La Jolla (actually Pacific Beach – Turquoise St
Ladera Ranch – Crown Valley Parkway
Laguna Beach – South Pacific Coast Hwy.
Rancho Mirage – Bob Hope Drive
Santa Monica – Lincoln Blvd
Thousand Oaks – Avenida De Los Arboles
Smart & Final LLC
Carlsbad – El Camino Real
Chula Vista – East H St
|Coronado – B Ave|
|El Cajon – Camino Canada|
|El Cajon – Fletcher Pkwy|
|La Mesa – Avocado Avenue
San Diego – Tierrasanta Bl.
San Diego – Westview Pkwy
Santee – Magnolia Ave.
|Atascadero – El Camino Real|
|Carpinteria – Linden Avenue|
|Chino Hills – Chino Hills Pkwy|
|Corona Del Mar – Coast Highway|
|Newbury Park –Newbury Road|
|Palmdale – W Avenue N|
|Paso Robles –Creston Road|
|Redondo Beach – N. Pacific Coast Hwy.|
|San Diego – Tierra Santa Bl.|
|San Diego – Westview Pkwy|
|San Luis Obispo – Johnson Ave|
|San Pedro – W 25th St|
|San Ysidro – W San Ysidro Blvd|
|Santa Barbara – State St.|
|Simi Valley – Los Angeles Avenue|
|Torrance – Hawthorne Blvd|
|Trabuco Canyon – Plano Trabuco Rd.|
|Ventura – Telegraph Road|
|Westlake Village – Lindero Canyon Rd|
|Yorba Linda – Yorba Linda Blvd.|