Sbarro mulls sale instead of Chapter 11

Italian quick-service operator Sbarro Inc. said Thursday it is exploring options, including sale discussions with an unnamed “sophisticated bidder,” instead of continuing with its pre-petition reorganization plan in Chapter 11 bankruptcy proceedings.

The potential buyer is not a private equity or financial firm, according to Bloomberg.

Melville, N.Y.-based Sbarro said it plans to continue negotiations with its pre-petition creditors for a stand-alone plan

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