Suitors Submit Bids for Centro By Kris Hudson Word Count: 506 At least five suitors have submitted preliminary bids to purchase Centro Properties Group, but the cash-strapped retail-property firm isn't resigned to selling itself at a fire-sale price, according to people familiar with the situation.
Among those that have submitted early bids is Citadel Investment Group, the Chicago-based investment firm, these people say. The bids aren't final. A Citadel representative declined to comment. The identity of other bidders and the value of the bids weren't known late Wednesday.
If Centro turns down the buyout offers, raising cash by adding joint-venture partners could be an option, people familiar with the matter say. ...
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