US food group Post Holdings and tuna giant Thai Union Frozen have reportedly both indicated their interest in buying US canned seafood group Bumble Bee Foods.
According to Reuters, which cited “people familiar with the matter”, Bumble Bee, owned by private-equity firm Lion Capital, has received “takeover overtures” from the two companies.
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The news agency said Bumble Bee is seeking a valuation of above US$1.5bn.
In an email to just-food yesterday (20 August) Bumble Bee CFO Kent McNeil said the company had indicated earlier this year ut “would likely be evaluating refinancing options during 2014”.
However, McNeil added: “Beyond that, the company cannot comment on any speculation regarding these or other options it may be considering at this time.”
No-one at Post was available to comment when approached by just-food. Thai Union did not respond to request for comment.
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