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JOHN HENSE EXPERT SOURCE FOR KANSAS CITY BUSINESS JOURNAL IBC BANKRUPTCY STORY KANSAS CITY, Mo. (January 4, 2008) - Christenberry Collet & Co.'s John Hense, principal, is quoted in the January 4-10, 2008, Kansas City Business Journal article, "Similar bankruptcy sheds light on IBC; Bidder Yucaipa has history with Teamsters." The article discusses the similarities of the Interstate Bakeries, Corp. bankruptcy case and a similar case involving Performance Transportation Services, Inc. Both companies carried on negotiations with a private investment fund Yucaipa Cos. LLC. From the story, That precedent posed the question of whether, in the IBC case, the Teamsters are pushing for a short-term gain while putting themselves at a greater long-term risk, said John Hense Jr., a principal with Kansas City investment banking firm Christenberry Collet & Co. Inc. IBC's desire to emerge from bankruptcy as a going concern, instead of being sold off in pieces, has made the matter more complicated and contentious, Hense said. The company has been in Chapter 11 bankruptcy since September 2004, a length of time constituents have criticized. Christenberry Collet provides merger and acquisition services to middle-market companies, both public and private. Areas of industry expertise include manufacturing, rural utility cooperatives, life sciences, agribusiness, and logistics and transportation. The firm frequently works on complex international and cross-border transactions. The Kansas City-based investment banking firm specializes in mergers and acquisitions, corporate fund-raising, and financial and strategic planning for corporate clients throughout the country and abroad. Since its founding in 1994, the firm has assisted clients with more than $3 billion in corporate finance transactions. BACK TO NEWS |
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