The informed person has also added that the Feinberg-led group will drop out of the auction if another party makes an offer that is 10% higher than the planned
stalking horse bid.
23 June 2016 - Swedish industrial company Granges AB has been approved by the US Bankruptcy Court as the "
stalking horse" bidder to acquire Canadian mining and metals firm Noranda Aluminum Corp.'s downstream aluminium rolling business in the United States, the company said.
The interested parties would need to outbid United States Bakery Inc, also called Franz Family Bakery, which was chosen to be the
stalking horse bidder.
Farlie Turner, in collaboration with the estates' other professionals, conducted an auction for Hollywood Hills on 24 June 2015 involving four different prospective buyers, including an affiliate of Larkin and the
stalking horse buyer, which had an agreement to purchase Hollywood Hills, subject to higher and better offers.
A bankruptcy judge has approved the
stalking horse bids for the various brands from Flowers Foods Inc (NYSE:FLO), McKee Foods Corp, United States Bakery Inc, Apollo Global Management LLC (NYSE:APO) and C Dean Metropoulos & Co.
Hipcricket Inc (OTCQB: HIPP), a provider of a unified mobile engagement platform, announced on Wednesday that it has entered into an asset purchase agreement with SITO Mobile Ltd (OTCQB: SITO), as the '
stalking horse' bidder to acquire substantially all of its assets for an aggregate consideration of approximately USD4.5m.
The bankrupt US wholesale baker said it had chosen the two private equity firms to act as the
stalking horse bidder in an auction process for the particular business, comprising the Twinkies, Mini Muffins, Cup Cakes, Ho Hos, Zingers and Suzy Qa[euro](tm)s brands along with five bakeries and certain equipment.
29 January 2013 a[euro]" Bankrupt US wholesale baker Hostess Brands Inc announced it had picked two
stalking horse bidders for its Drakea[euro](tm)s snack cake operation and four bread businesses, thereby securing asset disposal deals worth at least USD440m (EUR327.3m) in total.
That sale, which is slated to close on 23 April, delivers at least USD6.5m more value than prior
stalking horse terms, Quantum Foods said.
28 January 2013 a[euro]" Bankrupt US wholesale baker Hostess Brands Inc is nearing agreement over two
stalking horse bids targeting its Drakea[euro](tm)s cakes operations and four bread businesses, an informed person told Reuters today.
4 October 2013 - US fund manager KPS Capital Partners LP said it had agreed to act as the
stalking horse bidder in an auction process for bankrupt home furnishings maker Furniture Brands International Inc (OTCMKTS:FBNIQ) with an offer of USD280m (EUR205.7m).
14 January 2013 a[euro]" Bankrupt US wholesale baker Hostess Brands Inc announced it had selected sector player Flowers Foods Inc (NYSE:FLO) as the
stalking horse bidder with an offer of up to USD360m (EUR269.5m) for most of its bread business.
In April, Reuters cited sources as saying that Cerberus' own founder Stephen Feinberg was preparing a joint
stalking horse bid with other senior partners in an effort to acquire the maker of the Bushmaster rifle.
Hostess is expected to pick a
stalking horse bidder for its bread business within a few days, the Post said, adding that the disposal of the snacks activities will be taken care of separately after that.
Diversified Gas & Oil PLC (LON:DGOC) has clinched a "
stalking horse" agreement to buy the Ohio assets of bankrupt firm EdgeMarc Energy Holdings for US$50mln.