MARSH FILES SUIT TO CLARIFY OBLIGATIONS

INDIANAPOLIS - Marsh Supermarkets here has filed a lawsuit to find out if it can negotiate with new bidders in its effort to sell itself.In filings with the Securities and Exchange Commission, Marsh said it is asking for a court ruling on whether its $88 million merger agreement with an affiliate of Sun Capital Partners, Boca Raton, Fla., prohibits it from considering a new proposed bid from Dallas-based

INDIANAPOLIS - Marsh Supermarkets here has filed a lawsuit to find out if it can negotiate with new bidders in its effort to sell itself.

In filings with the Securities and Exchange Commission, Marsh said it is asking for a court ruling on whether its $88 million merger agreement with an affiliate of Sun Capital Partners, Boca Raton, Fla., prohibits it from considering a new proposed bid from Dallas-based real estate developer Cardinal Paragon, for about $108 million.

In addit

Register to view the full article

Already a member? .