for the World's
Agriculture Industry
Since 1988
For full site access
Lost Password?
Customer Center
Trade Directory
Special Crops
Beans
Lentils
Peas
Chickpeas
Birdseed
Mustard & Other
Spices & Herbs
Dried Fruit & Nuts
Supply-Demand
The rest of Agriculture
Bio-Energy
Commentary
Grain
Oilseed
Livestock
Poultry
Cotton & Wool
Fresh Fruit & Vegetables
Dried Fruit & Nuts
Dairy
Technology
General
Organic
Just for Growers
Cash Markets
Futures Markets
Weather
Price Graphs
Export Data
Supply-Demand
Subscribe Today!
Privacy Policy
Subscriber Agreement
Ag Links
Affiliates
Add Headlines!
To your website!
Heartland Pork Sale Approved
REGINA - May 14/04 - SNS -- The sale of substantially all assets of Heartland Pork Management Services and seven related hog operations to Sterling Pork Farm, a subsidiary of Stomp Pork Farm Ltd was approved by the Saskatchewan Court of Queen's Bench.
Heartland and the seven related operations sought temporary bankruptcy protection under the Companies' Creditors Arrangement Act (CCAA) on April 13, 2004. Since that time, the court-appointed monitor has received expressions of interest from potential purchasers. The offer to purchase was filed with the Court on May 7.
Under the terms of the offer, rural-based employees working in the hog barns will be retained by Stomp. Stomp currently owns 7,500 sows and operates nine facilities located near Leroy, Saskatchewan.
The sale is scheduled to close on May 21. Earlier this week, the Court extended the stay of proceedings under the CCAA Initial Order to June 30. The businesses will continue to operate as usual while the sale is concluded.
|
Subcribers get complete access to all articles and special sections on the STATpub website. To subscribe just click on Subscribe Now! Add AgMarket News headlines Use of Information Copyright © 1988-2008 STAT Communications Ltd., Canada. All Rights Reserved. This information may not be republished in part of in full in any form whatsoever without the prior written consent of STAT Communications Ltd. The article on this page may not be harvested and reprinted on any website. However, we encourage links back to this or any other public article on our website. Disclaimer The information in this article is provided without any warranty of any kind whatsoever. By accessing this service, you agree that STAT Communications Ltd. will not be liable for any expenses, losses or costs that may be incurred by the interpretation and use of the information in this website, nor as a result of the information on this site being inaccurate or incomplete in any way. |