DENVER BUSINESS JOURNAL - A bid for a Colorado cookie company's retail business crumbled, and now it's trying to take a $28 million bite out of its would-be acquirer -- the maker of Girl Scout cookies.
Broomfield-based Mrs. Fields Brands Inc. has filed suit against Interbake Foods LLC, seeking up to $28 million in damages, Bloomberg reports.
Mrs. Fields claims that Interbake pulled out of a five-year deal to oversee retail sales of Mrs. Fields' cookies and brownies after the Colorado company rebuffed Interbake's $50 million offer to buy its "branded retail and gifting" business, which sells cookies at supermarkets and quick-stop stores.
It accused Interbake in court fililngs of trying to "wrongfully dismantle and cannibalize the business once it could not purchase it.”
Read more at the Denver Business Journal: http://bit.ly/2mNkU9D
(© 2017 American City Business Journals)