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Article: Lance, Inc. Appointed 'Stalking Horse' Bidder for the Assets of Snack Food Companies, Archway Cookies LLC and Mother's Cake and Cookie Co.
- Article from:
- Food Weekly News
- Article date:
- December 4, 2008
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Lance, Inc. (NASDAQ:LNCE) announced that it has obtained approval from the U.S. Bankruptcy Court for the District of Delaware to be the "stalking horse" bidder for the primary assets of snack food companies Archway Cookies LLC and Mother's Cake and Cookie Co. Lance, Inc. was approved as the stalking horse bidder in connection with the bankruptcy court's approval of auction procedures for the sale of the assets. Lance, Inc. bid $30 million for the combined primary assets of Archway Cookies LLC and Mother's Cake and Cookie Co., and plans to use available liquidity under its current credit facilities to fund the acquisition. Under the court-approved auction procedures, ...
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Article: Maker of Salerno, Archway cookies goes bankrupt
Chicago Sun-Times (IL);
October 9, 2008 ;
397 words
... ... brands or manufacturing operations would be sold. "Like many other companies, Mother's Cake & Cookie Co. and Archway Cookies LLC have not been immune to the challenging economic environment, and have been operating at a loss due largely to ...
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