Sun World sees auction as positive step
Sun World sees auction as positive step
The long road out of bankruptcy appeared near an end for Sun World International Inc. in Bakersfield, CA, with the announcement that the company was scheduled to go on the auction block Jan. 13 with at least three bidders showing strong interest in acquiring the company. The Chicago Sun-Times reported Wednesday, Jan. 12, that "an auction for the business, which generates $120 million in annual revenue, will be held Thursday [Jan. 13], subject to approval of a bankruptcy judge on Friday." According to the Sun-Times story, a Lake Forest, IL-based investment group, Black Diamond Capital