Quantum Foods Gets OK For New Stalking Horse's $54M Bid

Law360, Wilmington (March 18, 2014, 6:32 PM EDT) -- A Delaware bankruptcy judge gave meatpacker Quantum Foods LLC the go-ahead Tuesday for a sale plan with a unit of private equity firm Oaktree Capital Management LP called Raging Bull Acquisition Co. LLC stepping in as the new stalking horse bidder with a $54 million offer.

The new bidder replaces CTI Foods Holding Co. LLC, which was deemed stalking horse when Quantum filed for Chapter 11 protection in February, after the debtor was ultimately not able to come to terms with the bidder on an asset...
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