PORTALES, N.M. (AP) - Court filings show a California manufacturer is seeking to buy assets of a defunct New Mexico peanut giant for $18.5 million.
The Portales News-Tribune reports that Trustee Clarke Coll asked a federal bankruptcy judge in Albuquerque last month to approve the sale of the Portales-based Sunland Inc. to Ready Roast Nut Co. in Hughson, Calif. In his Jan. 31 court filing, Coll's attorneys said Ready Roast's was the best proposal received for Sunland's assets.
Sunland closed its doors and filed for Chapter 7 bankruptcy in October after it was involved in a nationwide salmonella outbreak.
Sunland's attorneys had estimated the bankrupt firm's assets at close to $50 million in earlier court filings.
But lawyers for Sunland's three major creditors said they feared Sunland was over-estimating its value.
Trevon Bluiett scored 25 points, Sean O'Mara scored inside with 40 seconds left and No. 11 seed Xavier upset No. 2 Arizona 73-71 in the West Region.
The town of Chattanooga is stepping up once again to help victims of the wildfires in Northwest Oklahoma and Southwest Kansas.
Jurors in the criminal trial of former Penn State University president Graham Spanier spent more than six hours deliberating Thursday without reaching a verdict.
A late-night meeting of moderate-leaning members Wednesday broke up without resolution or a deal as most lawmakers left out of side exits and avoided talking to reporters.
Israeli police say they have arrested a 19-year-old Israeli Jewish man as the primary suspect in a string of bomb threats targeting Jewish community centers in the U.S. Police say the suspect's motives are unclear.