mondelez

Unsecured creditors seek quick end to Sports Authority bankruptcy

Unsecured creditors of the bankrupt retailer Sports Authority are seeking to convert the case to a quick liquidation, saying in a Friday court filing the company should not waste its dwindling funds preparing a plan to end its Chapter 11. The Englewood, Colorado-based chain entered Chapter 11 bankruptcy with 464 stores in March and hoped to sell some locations as an ongoing business. The largest U.S. sporting goods retailer, Dick's Sporting Goods Inc , acquired the Sports Authority name and other intellectual property at a June auction.

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Unsecured creditors seek quick end to Sports Authority bankruptcy

mondelez

Hershey Trust reaches in-principle reform agreement

It could also offer the clarity needed for Mondelez International Inc to make a new approach to acquire Hershey. The $12 billion trust, set up by company founder Milton Hershey over a century ago to fund and run a school for underprivileged children, must approve any sale of the company. It rejected a $23 billion cash-and-stock offer for Hershey by Mondelez, the maker of Oreo and Cadbury chocolate, last month.

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Hershey Trust reaches in-principle reform agreement