Agfeed Equity Holders Blast $79M Stalking Horse Sale Plan

Law360, Wilmington (July 29, 2013, 9:42 PM ET) -- An ad hoc committee of equity security holders in the AgFeed Industries Inc. bankruptcy case Monday blasted the hog farmer's plan for a $79 million stalking horse sale, arguing the company could be worth more than twice as much, but the auction timetable won't allow it to realize that value.

The committee argued that Agfeed might be worth up to $180 million, but finding a bidder to put up an adequate amount of money would be difficult because bids would be due 20 days after the...
To view the full article, register now.