Thai Union Suspends Public Offering Following Subpoena from U.S. Justice Department
SEAFOODNEWS.COM [SEAFOODNEWS] - July 23, 2015
Thai Union suspended their public offering late yesterday in the wake of a subpoena from the Department of Justice to Tri-Union Seafoods LLC, a subsidiary of the tuna giant operating in the United States under the brand Chicken of the Sea. They were asked to provide information to the DOJ's antitrust division, related to their investigation of the packaged seafood industry.
The preferred public offering was intended to raise funds to finance Thai Union's $1.5 billion purchase of Bumble Bee Seafoods...
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