Maruha Nichiro Expects $38 Million in Sale of Its C&F Logistics Holding Company
Maruha Nichiro, the world’s largest seafood company, announced its intention on Tuesday to tender all shares of stock in Chilled & Frozen Logistics Holdings Co. (C&F Holdings). Their asking price: $38 Million at today’s currency exchange rate.
The decision was made by the Maruha’s Board of Directors at a meeting July 9 in part to resolve the issue of cross-shareholding, a situation where one publicly-traded company holds a significant number of shares of another publicly-traded company.
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