No offers made for Interstate
The Kansas City Star
Wednesday, January 16, 2008
Interstate Bakeries Corp. said Wednesday that it had not received any “qualified” offers for the company by the deadline of midnight Tuesday.
The company, which has been reorganizing under Chapter 11 since September 2004, said Yucaipa Cos. and the International Brotherhood of Teamsters did not submit a plan of reorganization, contrary to what they told Interstate Bakeries and the U.S. Bankruptcy Court in Kansas City on Dec. 13 when they submitted a preliminary indication of interest.
Interstate Bakeries said that because it had received no qualified offers, it planned to proceed with its own plan of reorganization, filed in early November.
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