Candymaker Sugarfina Has New $14M Stalking Horse Offer

By Rose Krebs (October 3, 2019, 11:50 AM EDT) -- Luxury candymaker Sugarfina Inc. told the Delaware bankruptcy court late Wednesday it has a new $14 million stalking horse offer in place in its Chapter 11 with one of its creditors that had raised concerns about a lesser prior proposed deal to purchase its assets.

In a filing in U.S. Bankruptcy Judge Mary F. Walrath's court, Sugarfina said Bristol Investment Fund Ltd. is now "tentatively" on board as stalking horse bidder with a minimum cash offer of $14 million. Also, revised bid procedures would now limit the amount of that can be credit bid and cut a previously proposed $1 million...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!