Bids made for bankrupt franchisee's Jack in the Box stores

SAN DIEGO Three bidders have made a collective stalking horse offer of more than $27 million for 61 Jack in the Box restaurants in California involved in the bankruptcy of Kobra Associates Inc. and affiliated companies.

The live auction for the units is scheduled for next week in the ongoing bankruptcy proceedings for Roseville, Calif.-based Kobra Associates, which filed for Chapter 11 reorganization last year. The company, a franchisee of about 70 Northern

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