Citing the possibility that an affiliate of Hilco may submit a stalking horse bid for Gander, the U.S. Trustee in the case filed an objection with the court asking that Hilco not be approved as the advisor to Gander in disposing of the 32 leases for the stores that it is planning to close. The trustee believes that Hilco might sell off the leases on favorable terms, which would lessen the value of the assets that will be subject to the potential stalking horse bid. It has asked Hilco to provide more information ... Log in to view full article.