OH chain bids for Marsh stores in Pendleton, Elwood and Tipton

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That's a lot quicker than what CVS had expected, however, when it paid $38 million in April to buy the pharmacy accounts and inventory of the 37 stores where Marsh operated pharmacies.

The supermarket chain said their decision to close their stores "was exclusively the product of the hard competitive environment and in no way reflects on the efforts of the great associates working in these stores".

In early May, Marsh officials filed for Chapter 11 bankruptcy and said the remaining 44 locations could close if the company did not find a buyer.

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Marsh contended that the CVS agreement only barred Marsh itself from operating pharmacies at the locations.

According to the filing, Topvalco Inc.is a Kroger Co. entity that is set to purchase 11 Marsh locations for a total of $16 million.

Topvalco, Inc., a subsidiary of Kroger, hopes to assume contracts for the leases of 11 Marsh stores, including the two Zionsville Marsh stores, at 10679 N. Michigan Rd. and 5 Boone Village, and the Fishers Marsh store, at 12520 E. 116th St.

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It's unclear what will happen to the remaining stores that no one offered to buy.

If the judge signs off on the deal, it would appear that Fresh Encounter will buy the 15 stores for a song. The sale is valued at $8 million. Further, it asserted that even if the condition did apply to buyers, the language was "unenforceable under the bankruptcy code".

Objections to the winning bids will be heard in the DE bankruptcy court system prior to a final sale approval hearing on Thursday.

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