Easterday cancels equipment auction, names Blue Tag winning bidder

By Sarah Lizee

Olympia, Wash., Sept. 14 – Easterday Ranches, Inc. and Easterday Farms canceled an auction for substantially all of its farm equipment and related personal property and named stalking horse bidder Blue Tag Farms, LLC as the winning bidder, according to a notice filed Monday with the U.S. Bankruptcy Court for the Eastern District of Washington.

The company said it didn’t receive any other qualified bids by the deadline.

The purchase price under the stalking horse agreement is $14.02 million in cash, subject to adjustment for any missing equipment, as previously reported.

A sale hearing is set for Sept. 22.

Easterday Ranches is a Pasco, Wash.-based cattle operator. The company filed bankruptcy on Feb. 1, 2021 under Chapter 11 case number 21-00141.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.