Bankrupt Dairy Co. Secures $5.5M Stalking Horse Bid

Law360, New York (March 22, 2013, 7:32 PM ET) -- A Delaware bankruptcy judge on Friday approved a stalking horse bid by the parent of Superior Dairy Inc. to purchase the assets of private equity-backed milk processor Golden Guernsey Dairy LLC for $5.5 million.

U.S. Bankruptcy Judge Kevin Gross approved the stalking horse bid by LEL Operating Co., parent of Canton, Ohio-based Superior Dairy, and set an auction for May 14, should Golden Guernsey receive any competing offers.

"[Golden Guernsey trustee Charles A. Stanziale Jr.] has demonstrated a compelling and sound business justification for entering into...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Golden Guernsey Dairy, LLC


Case Number

1:13-bk-10044

Court

Delaware

Nature of Suit

Date Filed

January 7, 2013

Law Firms

Companies

Government Agencies