Bumble Bee attracts early takeover interest from Thai Union and Post Holdings
SEAFOODNEWS.COM [Reuters] By Olivia Oran - August 20, 2014 -
NEW YORK, Bumble Bee Foods has received takeover overtures from canned tuna giant Thai Union Frozen Products PCL and U.S. packaged foods company Post Holdings Inc in recent months, according to people familiar with the matter.
The largest canned tuna and sardines producer in North America, Bumble Bee Foods is set to launch a sale process in the fall amid strong interest from industry players and has appointed an adviser to assist with that effort, the people said.
Bumble Bee, owned by private equity firm Lion Capital LLP, is said to be seeking a valuation upward of $1.5 billion...
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