Tag Archives: Sell Assets to Taiwanese Firm
Bumble Bee Foods to File Bankruptcy, Sell Assets to Taiwanese Firm
Bumble Bee Foods announced Thursday it will file for bankruptcy and sell its assets to a Taiwanese company for $925 million. The bankruptcy sale comes in the aftermath of criminal fines and civil lawsuits against the San Diego company in the wake of a federal price-fixing case. “It’s been a challenging time for our company but today’s actions allow us to move forward with minimal disruption to our day-to-day operations,” said Jan Tharp, president and chief executive officer. >click to read< 16:53
