Bruno’s Bid Offer ‘Unacceptable’

A bid to acquire some Bruno’s stores solicited by its labor union is “only marginally above liquidation value and filled with contingencies that are untenable,” attorneys for Bruno’s stated in a letter to a U.S. Bankruptcy Court judge. The letter was filed as Judge Benjamin Cohen assesses a decision in a battle between Bruno’s and United Food and Commercial Workers Local 1657

BIRMINGHAM, Ala. — A bid to acquire some Bruno’s stores solicited by its labor union is “only marginally above liquidation value and filled with contingencies that are untenable,” attorneys for Bruno’s stated in a letter to a U.S. Bankruptcy Court judge.

The letter was filed as Judge Benjamin Cohen assesses a decision in a battle between Bruno’s and United Food and Commercial Workers Local 1657 to reject a contract between them which, according to Bruno’s would facilitate a sal

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