Bumble Bee Foods Cleared For $926M Ch. 11 Sale To FCF Co.

Law360, Wilmington, Del. (January 23, 2020, 3:56 PM EST) -- Bumble Bee Foods LLC won a Delaware bankruptcy judge's conditional go-ahead to sell its business to Taiwan-based global tuna trader FCF Co. Ltd. on Thursday, in a $925.6 million deal driven largely by rising burdens from antitrust sanctions and consumer lawsuits.

Cautioning that the approval was conditioned on submission of a final, edited sale order, U.S. Bankruptcy Judge Laurie Selber Silverstein said FCF's stalking horse purchase offer met all requirements of the Bankruptcy Code and represented a "sound exercise of the debtor's business judgment."

FCF's offer was the only qualified bid received for the U.S. and Canada assets of the more...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!