Bankrupt Perkins & Marie Callender’s LLC won court approval of its sale bidding procedures after finding several bidders who will collectively pay about $55 million to buy the restaurant operator’s various business units.
Perkins Group LLC, which is unaffiliated with the debtor, will pay up to about $40 million to buy a bulk of the restaurant assets and some Ohio-based operations, according to the Delaware bankruptcy court’s approval Aug. 23.
Fairfield Gourmet Food Corp., a New Jersey-based maker of cookies and cakes, agreed to pay $13 million to buy the Foxtail business, an Ohio facility that makes and delivers baked ...
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