(In today's Freudian slip, I first type White Oaf.) White Oak Global Advisors from San Francisco announced yesterday that it finalized its acquisition of Northern Beef Packers in Aberdeen. White Oak's press release (text below, as prepared by Sioux Falls…
Posts tagged as “bankruptcy”
Has White Oak already found a sucker buyer for Northern Beef Packers? An eager reader catches notice of a motion filed in bankruptcy court by White Oak Global Advisors on Monday, January 20, seeking authority to sell Northern Beef Packers…
White Oak Global Advisors of San Francisco bought Northern Beef Packers at bankruptcy auction yesterday. They put up only $4.8 million in cash, compared to the $12.75 million in cash offered by actual meat-packing company American Foods Group of Green…
Bankrupt Northern Beef Packers of Aberdeen goes up for auction right after lunch today at the federal courthouse in Sioux Falls. In a market dominated by four big companies, guess who the first bidder is? Number Five: American Foods Group,…
The items I've posted about the Northern Beef Packers bankruptcy and the doomed slaughterhouse's crazy financing—EB-5 investor money, corporate welfare from Mike Rounds, secret emergency investors, offshore transfers—represent just a fraction of the documents, tips, and questions I've received from…
If corporations are people, why do they get different bankruptcy rules? Some South Dakotans who've gone broke recently have asked about the difference between their situation and that of companies such as Northern Beef Packers, an Aberdeen firm that is…
Folks looking to buy one slightly used, poorly built beef plant won't be able to drop in, kick the tires, and make a bid the day of sale... not without some fast driving. The auction of Aberdeen's Northern Beef Packers…
On sale December 5: one modern, slightly used beef packing plant, fully loaded, just add beef and make burgers! Plus scenic views of beautiful Aberdeen, South Dakota, and the Brown County prairie. The bankrupt Northern Beef Packers project has made…