PITTSBURGH — A bankruptcy court judge here has approved a deal that allows Giant Eagle to buy a beverage plant that became available in the Le Nature’s bankruptcy case. As reported previously in SN, Giant Eagle was the high bidder for the Latrobe, Pa. facility, but was found to have acted in bad faith and was thus eliminated from the bidding process and ordered to forfeit its $2 million deposit. The deal struck this week awarded the plant to Cadbury Schweppes for $19 million, but allowed ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.