Bumble Bee Seafoods has attracted bids from companies including Japanese conglomerate Mitsubishi Corp., US packaged foods giant Post Holdings, and Thai Union Frozen Products (TUF) as its private-equity owner begins an auction of the tuna brand, people familiar with the matter said, Bloomberg reported.
Lion Capital LLP, which acquired Bumble Bee from Centre Partners Management LLC in 2010 for $980 million, is seeking more than $1.5 billion for the business, said the sources, who asked not to be named because discussions are private.
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