An investors group that owns five percent of Fresh Brands Inc, reportedly is seeking a meeting with that company’s management over its plans to sell the company to the holding company that owns certified Grocers Midwest for about $100 million.
The group, which is part of an organization called Freshgroup LLC, says that it may sue to stop the sale of the company, which was announced last Friday and was expected to close in the first quarter of 2006.
The reason for Freshgroup’s discontent is not known.
The group, which is part of an organization called Freshgroup LLC, says that it may sue to stop the sale of the company, which was announced last Friday and was expected to close in the first quarter of 2006.
The reason for Freshgroup’s discontent is not known.
- KC's View:
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We’re guessing that money may be at issue here.
Just a wild guess.
