Blue bell stock market symbol

Get the latest D-FW news at your fingertips. The white knight rescue of Blue Bell Creameries by Fort Worth billionaire Sid Bass represents an expensive bailout that will step up pressure on the Texas brand to go public.

Hamadeh said he was familiar with aspects of the Bass deal. Blue Bell closed on a loan facility with Bass earlier this month and expects the Bass family to exercise warrants to acquire 33 percent ownership of the company before the loan matures in , chief executive Paul Kruse told Blue Bell owners in a letter this week reviewed by the newspaper.

What is the ticker symbol for Blue Bell

Not finding any takers for the deal most favorable to Blue Bell, he said, the company moved on. You have to find out where the market is.

Which eventually paired Blue Bell with Bass, one of four brothers who inherited a fortune from their uncle, oil tycoon Sid Richardson. Bass is listed as No.

The striking part of the deal, Hamadeh said, is the ownership stake. He likened it to the bank wanting a portion of the appreciation in the value of your house, even after the mortgage is paid off.

Blue Bell Stock - ditycapylal.web.fc2.com

The deal gives Blue Bell access to capital as it works to return to the marketplace. But the company also cedes a measure of control. Hamadeh said the Bass stake also increases the pressure on Blue Bell, at some point down the line, to go public to make the company more valuable.

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Blue Bell declined to discuss the deal. Ownership stake The striking part of the deal, Hamadeh said, is the ownership stake. A spokeswoman said Blue Bell is not looking to go public. Tags Business Business Share Facebook Twitter Email Print This Story.

Texas investor Sid Bass to lend Blue Bell Creameries up to $ Million - MarketWatch

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