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PBGC Rips Sun Capital Bid To Nab Friendly's Out Of Ch. 11

By Lance Duroni ( December 6, 2011, 12:00 AM EST) -- The Pension Benefit Guaranty Corp. on Monday blasted Sun Capital Partners Inc.'s plan to snag Friendly Ice Cream Corp. out of bankruptcy, saying the private equity firm could not credit bid for the restaurant chain while shirking $105 million in obligations to Friendly's retirees....

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