Bankrupt chain Bon-Ton in `active discussions` with a potential buyer

The Bon-Ton Stores Inc., a department store chain that filed for Chapter 11 bankruptcy protection nearly two months ago, says it may have found a buyer, though much is still unclear and the company’s long-term outlook remains hazy.

In a news release late Friday, Bon-Ton announced it 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.” But Bon-Ton, which did not identify the potential buyer, noted there are no assurances the discussions will lead to a definitive agreement...