July 27, 2011
Poultry producer Allen Family Foods Inc. won a Delaware bankruptcy court's blessing Wednesday to sell its assets to a unit of South Korean meat processor Harim Holdings Co. Ltd. for $48 million, despite creditors' questions about the administrative solvency of the case.
July 25, 2011
Unsecured creditors of Delaware-based Allen Family Foods Inc. objected Friday to its proposed sale to Seaford Milling Co. for a maximum of $68 million, claiming it did not account for administrative expenses, the true value of the company's assets or probable job losses.