The Associated Press reports that Wisconsin-based Roundy's Inc. has entered a $121.5 million bid for 31 Rainbow Foods stores that are owned by the bankrupt Fleming Cos.
Fleming has accepted the Roundy's bid, and the judge overseeing the Fleming bankruptcy is expected to certify the bid as early as today.
Officials at Miner's, a Minnesota retailer that attempted to make a late, $85 million bid for those stores, reportedly will object to a court certification of the Roundy's bid.
Fleming has accepted the Roundy's bid, and the judge overseeing the Fleming bankruptcy is expected to certify the bid as early as today.
Officials at Miner's, a Minnesota retailer that attempted to make a late, $85 million bid for those stores, reportedly will object to a court certification of the Roundy's bid.
- KC's View:
