Was Memorial Day weekend chosen to avoid unwanted media coverage?
I think it was, and I told several players it would work out this way, with a sale announcement late today.
Here's the beginning of the trustee's spin:
IOWA CITY, Iowa (AP) - The trustee for a bankrupt kosher slaughterhouse says the company could be sold soon.
Agriprocessors, Inc., bankruptcy trustee Joe Sarachek on Friday described a sale as "in the works," and that he'll have an announcement "shortly."
Immigration agents raided the Agriprocessors slaughterhouse in Postville in May 2008. In October, the company filed for bankruptcy protection.
The company failed to find a buyer during a bankruptcy auction in March, but Sarachek has said three companies are actively pursuing the plant.
Earlier this month, an unnamed company bought a $10 million line of credit to the company, paving the way for a sale.
Who's buying Agriprocessors? This guy.