Aeropostale Cleared to Seek Bankruptcy Rescue From Versa Capital

  • Retailer, lenders resolve fight that threatened potential sale
  • Company, Versa seek to reach ‘stalking horse’ deal by Aug. 11

Aeropostale Inc. settled a dispute with lenders that threatened to scuttle a potential bid from a Versa Capital Management unit to buy the teen-clothing chain out of bankruptcy.

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