Eagle Food Centers Inc, which owns and operates 50 supermarkets in Illinois and Iowa, has accepted bids for certain assets of eight of its stores.
The Kroger Co has emerged as the highest and best bidder for these six Illinois store locations: Sterling, Lincoln, Decatur, Ottawa, and two stores in Rockford. SVT LLC was the successful bidder for the Kankakee IL store, and Harold E Wisted was deemed the successful bidder for the Woodstock IL store.
A purchase agreement between Eagle and J B Sullivan Inc was filed Aug 19, 2003, with the United States Bankruptcy Court for the sale of EagleÕs Freeport IL store and will be heard for approval at a Sept 11, 2003, hearing in Chicago IL.
A court hearing has been scheduled for Aug 21, 2003, to consider the sale of certain assets of the Dubuque IL, Moline IL, and Bettendorf IA locations to Hy-Vee and certain assets of the Rochelle IL location to J B Sullivan.