Wells Enterprises Gets Interest From Private Equity Firms Including Oaktree -FT
01 August 2012 - 7:40AM
Dow Jones News
Wells Enterprises has put itself up for sale and hired J.P.
Morgan Chase & Co. (JPM) to handle the auction process, the
Financial Times reported on its website Tuesday citing people
familiar with the matter.
The privately-owned company, which produces Blue Bunny ice
cream, has drawn interest from a number of private equity buyers
including Oaktree Capital Management, the FT reported.
First round bids were due in late June, the newspaper cited the
people as saying.
The report said it was unclear which suitors made it to the
second round, and that the company was expected to be sold for
around $500 million.
Website: www.ft.com
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