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Auction Block: June 23, 2003
by Josh Kosman and Soma Biswas Posted 01:46 EST, 20, Jun 2003
 
 

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 Farmer Brothers Co., coffee roaster and distributor, Torrance, Calif.

Banker: Not disclosed

Stage: Company April 30 announced it's considering strategic options.

Likely sale price: Up to $1 billion

Possible bidders: Sysco Corp., U.S. Foodservice

Update: Roy Farmer Jr. most likely will want to keep the business "in the family," which means a management buyout is more likely than sale to strategic buyer.

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