By  on September 19, 2008

Bankrupt department store Boscov’s Inc. has asked a Delaware bankruptcy court to approve a sale to Versa Capital Management for $11 million plus the assumption of liabilities.

According to court papers filed Wednesday, Versa Capital would become the stalking horse bidder at an auction set for Oct. 13. The court procedure allows for stalking horse bids in hopes of garnering a higher bid at auction time for the benefit of creditors.

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