Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
International Brotherhood of Teamsters
Teamsters Fully Support Steps to Save Interstate Bakeries
October 5th, 2008
Interstate Bakeries Corporation (IBC) announced that it may be able to exit bankruptcy based on a framework put together by the Teamsters Union, Ripplewood Holdings and Silver Point Capital. IBC also achieved, via bankruptcy court, a financing extension until February 2009 -- possibly providing it enough time to emerge from bankruptcy as a stand-alone company. The Teamsters Union announced late last month that it had reached terms with Ripplewood, marking the first step in the process. The financing extension and IBC management's support of the Ripplewood plan are important key steps for the company to emerge from this complicated bankruptcy case. ...
Source: Pharma Investments, Ventures & Law Weekly (2008-10-05)
|
