Burkle's Yucaipa Plans Bid For Makers Of Twinkies, Wonder Bread

The Deal   |  Jamie Mason   |   November 5, 2007 10:26 AM

Read More: Bimbo Bakeries, Interstate Bakeries, Ron Burkle, Twinkies, Yucaipa Companies, Breaking Business News
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The International Brotherhood of Teamsters on Friday, Nov. 2, joined forces with Ronald Burkle's Yucaipa Cos. LLC and Bimbo Bakeries USA Inc. and have a plan for Yucaipa to buy bankrupt Interstate Bakeries Corp.

The trio didn't disclose a specific bid amount, though IBC characterized a $400 million exit financing commitment from Silver Point Finance LLC as a stalking-horse bid. Such verbiage, while a misnomer, shows that IBC views $400 million as a baseline for a bid. IBC, in fact, has requested an auction for alternative investment proposals to be held Dec. 13.

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- GOIRISH5 See Profile I'm a Fan of GOIRISH5 permalink

YOU MUST EITHER WORK FOR CRAIG JUNG AND ARE A BIG PART OF THE REASON THIS COMPANY FILED BANKRUPCTY OR YOUR JUST A MORON LIKE HE IS AND DONT CARE ABOUT 10000 FAMILIES THAT WOULD BE AFFECTED IF THIS PURCHASE DOESN'T HAPPEN.GOD BLESS RON BURKLE AND BIMBO!!!!!!!!!!!!!!!

    Favorite    Flag as abusive Posted 12:32 AM on 11/12/2007
- wadenelson1 See Profile I'm a Fan of wadenelson1 permalink

Teamsters, Bimbos, and Wonderbread.

That's just wrong on so many levels.

    Favorite    Flag as abusive Posted 11:54 AM on 11/05/2007
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