Severe Thunderstorm Watch in effect for much of central Indiana until 10 p.m.

Marsh evaluating numerous bids for remaining stores

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

INDIANAPOLIS, Ind. – Marsh says it is evaluating several bids from interested bidders to buy the remaining 44 stores.

The company filed for Chapter 11 bankruptcy in May and it was at that point that a judge set their deadline to find a buyer by June 7. All the bids are now in and Marsh has not said when a decision will be announced.

A Marsh spokesperson issued the following statement:

“Qualifying bids have been received from numerous bidders. The company, its advisers and the Creditors Committee are evaluating the bids.”

Marsh and its assets are set to go to auction on Monday.

People around the state are concerned that the closure of Marsh stores will lead to more so-called food deserts, areas where food sources are few and far between.

In light of Marsh’s situation, Indiana legislators plan to address the food desert problem during their summer session.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.