Filene's Basement bought out of bankruptcy by Vornado, Syms

06/16/2009 | Bloomberg

Vornado Realty Trust and Syms Corp. have successfully purchased Filene's Basement out of bankruptcy for about $63 million, Bloomberg News reported, quoting people with knowledge of the transaction. The bankruptcy effectively defeated an attempt by Men's Wearhouse to buy the bankrupt company's assets, the sources said.

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