In filing for bankruptcy, it cited "recent changes in the market" for its products and media coverage related to the filler, and said it was seeking a sale of some or all of its assets. AFA owner Yucaipa Companies, the investment firm founded by ...
Meat processor AFA Foods Inc., which has come under fire recently for its use of a low-grade form of meat, referred to as pink slime, filed for Chapter 11 bankruptcy Monday, saying that a sale of its assets is the best way to preserve the ...
The sale results will go before a U.S. Bankruptcy Court judge for consideration on Thursday afternoon. After an hour of bidding, Dr. Scott Rifkin, who was heading Baltimore Community Publishing, LLC, made no offer after his $1.25 million ...
April 2 (Reuters) - Ground beef products processor AFA Foods said it has filed for bankruptcy protection in a U.S. court ... "We believe an orderly sale through Chapter 11 will allow us to unlock this value and provide a smooth transition ...
Sales plunged to 1.02 billion euros from prior year's 1.35 billion euros, but surpassed its target of more than 1 billion euros. The company also had projected another loss making year in 2012, following intense competitive pressure and consolidation.
A group of hedge funds and other investors led by Alden Global Capital and Angelo, Gordon & Co., have owned PMN since Oct. 8, 2010, after acquiring the company in a auction overseen by U.S. Bankruptcy Court for $139 million. The sale ...
Before the sale is finalized, a bankruptcy court must sign off the on the deal. McCourt forced the team into bankruptcy last year after commissioner Bud Selig refused to ratify a $3 billion contract that would have given Fox Sports the rights to televise ...
NATCHEZ — The Grand Soleil Hotel will soon be getting new owners and a new name. Bankruptcy court documents show the court approved the sale of the hotel and proposed casino property to RJB Financing LLC, one of the hotel’s creditors ...
"They just couldn't keep up with the bond payments," said Merle Meyers, a San Francisco attorney who represented the school in bankruptcy proceedings. The school is holding a "community yard sale" on campus April 15 and is doing other ...
The sale of The Inquirer, Philadelphia Daily News ... Gordon & Co. The hedge funds acquired the media company for $139 million in a 2010 auction overseen by U.S. Bankruptcy Court. The company, which had been purchased for $515 million in ...
