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Bumble Bee Foods Dejphon Chansiri Thai Union Frozen Products

Plans to offer shares for acquisition

Jul 2015

Thai Union Frozen Products plans to raise almost THB 13 billion ($380 million) by offering new shares to existing shareholders to finance its plans to acquire US rival Bumble Bee Foods. Chansiri:

It’s only $20m less than the earlier announcement. The proceed is sufficient to finance the acquisition, and we expect the deal to be closed in the fourth quarter.