FCF’s Bid for Bumble Bee Foods Successful, Following DOJ Objection
Taiwanese tuna company FCF Fishery Co.’s “stalking horse” bid for Bumble Bee Foods was successful, according to a filing in the U.S. Bankruptcy Court for the District of Delaware.
The auction for Bumble Bee that was scheduled for January 23 was canceled as no other bids were submitted before the Jan. 20, 5 p.m. ET deadline. The successful bid will be presented by Bumble Bee’s debtors at a Sale Hearing on January 23 at 1:30 p.m. ET.
Four days prior to the announcement of the successful bid...
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