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Orchard's Ch. 11 Auction Plan Chills Competition, Lender Says

By Matt Chiappardi ( July 2, 2013, 4:46 PM EDT) -- A major creditor in Orchard Supply Hardware Stores Corp.'s bankruptcy case took issue Monday with the company's plan to sell the bulk of its stores with Lowe's Home Improvement LLC as a $205 million stalking horse bidder, arguing the auction's minimum overbid is too high and may chill competitive bidding....

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