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Court receives 5 bids for Tony Packo's Inc.

packos-fued

This June 8, 2011 photo shows a neon sign above Tony Packo's restaurant, in Toledo, Ohio. A feud over the restaurant chain's ownership is pitting family members against each other in court. The original restaurant was made famous on TV's "M-A-S-H" in the 1970s.

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The court-appointed receiver in the Tony Packo’s Inc. case said Monday that he has received a total of five bids to purchase the assets of the Toledo restaurant chain and will make a recommendation and fie a report on Friday on which offer should be approved Lucas County Common Pleas Judge Gene Zmuda.

During a hearing Monday before Judge Zmuda, receiver Steven Skutch, of Skutch Co. Ltd., said his report would make public the names of the bidders, but not their offers. The offers were submitted last Friday under a deadline set by the court, and included three third-party bids along with earlier separate bids by Robin Horvath, the company’s co-owner and chief operating officer, and by Tony Packo, Jr., company president, and his son Tony Packo III, executive vice president.

Mr. Horvath and the Packos have been fighting for control of the Toledo restaurant chain since last August. Mr. Horvath owns half of the family business, while the Packos jointly own the other 50 percent.

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