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Thai Union Group scraps $1.5-bn plan to buy Bumble Bee

News Bandit

By News Bandit
in Thailand News

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News Bandit

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Bangkok (Reuters) - Thai Union Group, the world's largest canned tuna producer, on Friday scrapped a US$1.5billion acquisition of US rival Bumble Bee Seafoods after US authorities said the deal would be harmful to competition in the seafood market.

 

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