6 days ago
Del Monte Tweaks Auction Rules to Attract Bids for Food Canner
Bankrupt canned fruit company Del Monte Foods won court permission to hold an auction of its assets after giving potential bidders more time to make an offer.
Company officials agreed to rewrite the rules governing the auction after creditors said they were concerned the sale process was not open enough to outsiders, Del Monte lawyer Rachael Ringer said during a court hearing Tuesday.
