date:Mar 24, 2014
Raging Bull, a subsidiary of Oaktree Capital Management, will acquire Quantum Foods, a US-based proteins products maker, for $54m.
The move comes after a bankruptcy court approval, which led to at least $6.5m increase in the value for the business over previous stalking horse terms.
Scheduled to close on 23 April 2014, the transaction includes the assumption of up to $30.3m in liabilities.
Quantum Foods said it is still seeking competing offers, to ensure that it achieves the highest and best