Giordano’s Gets $26M Stalking Horse Bid For Restaurants

Law360, New York (October 20, 2011, 9:19 PM EDT) -- A stalking horse bidder has agreed to pay $26 million for Giordano's Enterprises Inc.’s restaurant assets, the Chapter 11 trustee for the bankrupt Chicago pizzeria chain said Thursday.

The bidder, Giordano’s Holding Co. LLC, is managed by the Italian Food Network LLC, a privately held company led by Ivan Matsunaga and Marc Stolfe, who both are deeply involved with another Chicago-area pizza chain, Connie’s Pizza, according to trustee Philip V. Martino.

"We are very pleased to have selected GHC as the stalking horse bidder for the...
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