Another big catch for Thai co. in $1.5B bid for Bumble Bee

  • 2/5/2023
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BANGKOK, Safar 27, 1436, Dec 19, 2014, SPA -- A Thai food company may be landing another whopper in the U.S. with its $1.5 billion bid for Bumble Bee Seafoods, AP reported. Thai Union Frozen Products, which already owns Chicken of the Sea, another major seller of tuna and other seafoods, has now hooked the largest canned seafood company in North America. That would put two of the big three in the U.S., the other being Starkist, in its basket. The deal must still be approved by U.S. regulators, which could block the takeover or require the company to divest some of its holdings for competitive reasons. -- SPA 20:28 LOCAL TIME 17:28 GMT www.spa.gov.sa/w

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