Bankrupt AgFeed Unit Goes To Company Trio In $79.2M Bid

Law360, Wilmington (August 27, 2013, 9:05 PM EDT) -- Bankrupt hog farmer AgFeed Industries Inc. on Tuesday announced a new buyer for its U.S. operations as a collection of companies combined to overtake the stalking horse bidder at auction with an offer valued at $79.2 million.

The offer from High Plains Pork LLC, Cohoma Pork LLC and Murphy-Brown LLC was tapped as the winner at a Monday auction, edging out stalking horse The Maschhoffs LLC, according to a notice filed in Delaware bankruptcy court.

AgFeed selected the triumvirate's bid, which includes less cash than The...
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