Dow Jones reports that the bankruptcy judge overseeing Fleming's financial affairs has ruled that both partial and aggregate bids will be allowed when the company auctions off all of its grocery wholesaling business assets - though the minimum bid for any piece of the business will be $40 million (US).
Bids are due July 28. The auction will be July 31. The final sale hearing is scheduled for August 4.
Fleming has signed a deal with C&S Wholesale Grocers to sell it the grocery wholesaling business, but the auction/bid process provides a window for other companies to challenge that bid.
Bids are due July 28. The auction will be July 31. The final sale hearing is scheduled for August 4.
Fleming has signed a deal with C&S Wholesale Grocers to sell it the grocery wholesaling business, but the auction/bid process provides a window for other companies to challenge that bid.
- KC's View:
