Kansas City Star: No Bids Yet as IBC Passes Deadline

January 17, 2008: by Jennifer Mann, for the Kansas City Star: Interstate Bakeries Corp. said it didn’t receive any offers for the company by Tuesday’s deadline, but that doesn’t bar other parties from proposing plans to rescue the bankrupt baking company.

Interstate had solicited alternative offers to its own proposed plan of reorganization and set a Jan. 15 deadline for those to be filed. But the company acknowledged Tuesday that because its “exclusive right” to file a reorganization plan expired last week, other investors now have an open avenue to make proposal.

Click here to read the full story.

Get Advice Join TDU Donate

Recent News

UPS Teamsters United Zoom Event: Moving from Problems to Solutions

Join a UPS Teamsters United national zoom event to talk about how we can move from problems to solutions in upcoming negotiations and how you can get involved in the UPS contract campaign, Sunday, October 16 at noon ET / 11am CT / 10am MT / 9am PT.

Rank-and-File UPSers Share Sample Contract Proposals

Rank-and-file UPSers have compiled sample contract proposal ideas for the National Master Agreement. Click here to see what they've come up with. And make sure you attend your local union’s proposal meeting.

View More News Posts