date:Oct 29, 2013
e auction if it receives a competing qualified bid, followed by a Nov. 21 hearing to seek court approval of the auction winner.
Under the proposed deal, a Tesco affiliate would lend the Yucaipa unit $120 million to help fund the acquisition, according to court papers. Tesco would get warrants to buy as much as 10 percent of the equity in the reorganized chain. Fresh Easy would get 22.5 percent of the equity in the reorganized chain if the Yucaipa affiliates offer prevails.
The Yucaipa buyer a