Oberweis to continue operation under new ownership pending court approval of stalking horse offer ...Middle East

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Oberweis to continue operation under new ownership pending court approval of stalking horse offer
Note: The video in the player above is from a previous report. Days after announcing layoffs and a plant closure following a bankruptcy filing, Oberweis Dairy has revealed the brand will continue to operate under new ownership, pending court approval of a stalking horse offer, a statement from Oberweis said. “Oberweis is pleased to announce that it has received a stalking horse bid to purchase substantially all the operating assets of the company pursuant to section 363 of the bankruptcy code and subject to court approval,” the statement said in part. Oberweis said the stalking horse bid came from entrepreneur Brian Boomsma, who plans to “operate and grow the business,” according t

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