Contenders including Rodger May and Silver Bay Seafoods are vying for what remains of the company.
May is a Seattle-area entrepreneur who's been involved in everything from seafood to movies. He became the lead owner of Peter Pan in early 2021, when he and other investors acquired the distressed company from Japanese seafood titan Maruha Nichiro.
In April, Wells Fargo Bank petitioned for appointment of a receiver for Peter Pan.
Since then, the court-appointed receiver has moved to sell off Peter Pan's assets.
May's bid for the company's remaining assets has been deemed the top offer, valued at about $37.3 million.
Wells Fargo likes the offer, but several other parties have filed objections.
A hearing on approval of the sale of assets is set for tomorrow in King County Superior Court in Seattle.
1 comment:
Rodger May's bid was approved. Here's the order:
https://s3.documentcloud.org/documents/25192700/order-approving-rodger-mays-bid.pdf
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