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Auction extended in Kane Beef sale
Posted: 5:03 PM, Feb 06, 2019
Updated: 2019-02-06 18:03:48-05
More than 700
employees will have to wait at least one more day to find out what will happen to the company.
A scheduled auction to sell the company started today in Houston, but has been continued until Thursday at 4 p.m.
Judge Richard Schmidt, the attorney appointed to oversee operations at the plant says the auction is going well so far.
A deal to sell Kane Beef fell through last week
and since then, most of the company’s
750 employees have been furloughed.
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