Canned Tuna Maker Bumble Bee Preps for Bankruptcy Filing
Bumble Bee Foods LLC is preparing to file for bankruptcy within days over mounting legal expenses stemming from its involvement in a conspiracy to fix prices on canned tuna, according to people familiar with the matter.
The San Diego-based company, owned by London-based private-equity firm Lion Capital, is expected to file a chapter 11 petition shortly and will put itself up for sale, the people said. Bumble Bee didn't respond to a request for comment. Lion Capital, which bought the company in 2010 for $980 million...
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