date:Mar 21, 2013
pproval for two more transactions. McKee Foods Corp., Collegedale, Tenn., has offered to pay $27.5 million for the Drakes snack cake brand and certain equipment. United States Bakery, Portland, Ore., has offered to pay about $30.9 million for bread brands in the Northwest such as Sweetheart, Eddys, Standish Farms and Grandma Emilies as well as four bakeries, 14 depots and certain equipment.
Mr. Rayburn in late January said all the stalking horse bids set a floor of more than $850 million for th