New owner surfaces in latest Filene

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Alan Cohen, Filene’s chief restructurinbg officer, confirmed Monday afternoon that Secaucus, N.J.-based Syms (NASDAQ:SYMS) and New York-base d Vornado (NYSE:VNO) agreed to pay about $63 millioh for the chain. A cour t hearing is set for Wednesday to approve the Cohen said. The auction, which begaj Friday and was continued to took place about a week afterr an affiliateof Men’s Wearhouswe (NYSE:MW) agreed to buy the chain for $67 But Crown Acquisitions, the company that was first in line to buy Filene’s assets, filed an objection to the sale with allegations that Men’es Wearhouse didn’t follow bidding Crown in court filings described the first auction as a A judge sent the deal back for auction following Crown’s It wasn’t clear Monday if Syms and Vornadp would acquire all of Filene’w stores.
Both Men’s Wearhouse and Crown had plannes to acquire and keep open a butnot all, of Filene’s locations. The company has two Ohio including onein Columbus. Filene’s Basemenyt sought protection from creditors in May in Delawarebankruptcy court, months after closing several stores. Columbus-based RVI), which maintains a majority stake in discount shoeretailer (NYSE:DSW), sold the chainh this year to FB II Acquisition Corp., a new entityh owned by liquidation and turnaround firm Buxbaunm Group.