Thai Union May Divest Chicken of the Sea to Seal Bumble Bee Deal
SEAFOODNEWS.COM [Thomson Reuters] by Khettiya Jittapong- August 17, 2015
BANGKOK, - Thai Union Frozen Products (TUF), the world's largest canned tuna producer, may cut its holding in U. S. tuna brand Chicken of the Sea to help facilitate the planned acquisition of Bumble Bee Seafoods, the company said on Monday.
The divestment was one of the options TUF was considering to help ease the proposed $1.5 billion purchase, which is pending approval from U. S. authorities, Chief Executive Thiraphong Chansiri told reporters.
"We are considering every option. We have not made decision about the divestment and it should become clear within the next four to six weeks," Thiraphong said...
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