An array of businesses, fishing companies and investors are objecting to a pending proposal to sell the assets of a struggling Alaska seafood company to Rodger May — one of the original investors in the company before it entered a bankruptcy-like process called receivership.
The financial firm that’s overseeing Peter Pan Seafood’s receivership proposed last week to sell the company’s three processing plants and an array of other assets to May, an entrepreneur and fish trader who narrowly outbid another processing company, Silver Bay Seafoods, in an auction.
A hearing on the proposal is set for...
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