White Oak Global Advisors will be the new owner of Northern Beef Packers, which filed for bankruptcy in July because it lacked money to buy cattle for slaughter. White Oak’s bid includes $39.5 million in credit and $4.8 million in cash to satisfy prior liens.
SIOUX FALLS, S.D. — A Green Bay, Wis.-based beef processing company has submitted the minimum $12.75 million bid for an idled South Dakota plant.
, December 04, 2013
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