Competition for sugar daddy: New bid may thwart government purchase of U.S. Sugar

As U.S. Sugar seeks to sell segments of its land, multiple interests are now wrangling for a bite from a plate the state of Florida thought it had almost already secured. A deal that has required years of red tape and fiscal creativity currently faces competition from a farming company from Tennessee whose bid may win out over Florida’s adjusted offer. According to the Wall Street Journal, the company still plans to follow the state’s plan to restore the Everglades if U.S. Sugar entertains its offer.

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Source: The Wall Street Journal