Zacky Farms LLC received bankruptcy court approval to sell its assets to the Robert D. and Lillian D. Zacky Trust, ending weeks of post-auction negotiations over the sale, Dow Jones DBR Small Cap reported today. The poultry company ultimately decided that the $31.6 million offer from the Zacky Trust was the best and highest for its assets after a settlement agreement that increased unsecured creditors' recovery was reached, according to Zacky Farms lawyer Donald W. Fitzgerald of Felderstein Fitzgerald Willoughby & Pascuzzi LLP.
