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BUSINESS
August 17, 1989 | CHRIS KRAUL, San Diego County Business Editor
Pillsbury announced a definitive agreement Wednesday to sell its Bumble Bee Seafoods subsidiary to Unicord Co. of Thailand for $269 million in cash. The deal marks the second sale of a major U.S. tuna canning operation to Far Eastern interests over the past year and another step in Pillsbury's divestiture program. Last November, Ralston Purina sold its Chicken of the Sea tuna company to PT Mantrust of Indonesia for $260 million.
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BUSINESS
July 12, 1996 | Times Staff and Wire Reports
Unicord to Sell Tuna Unit, Plants: The company agreed to sell its Bumble Bee tuna business to Questor Partners Fund and its three processing plants to Starkist tuna maker H.J. Heinz Co. Terms weren't disclosed for the deals, which are designed to keep the Justice Department at bay eight years after it balked at Heinz buying San Diego-based Bumble Bee outright, an analyst said. The arrangement will leave Heinz processing most of the $1.1 billion in tuna sold in the U.S.
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BUSINESS
July 12, 1996 | Times Staff and Wire Reports
Unicord to Sell Tuna Unit, Plants: The company agreed to sell its Bumble Bee tuna business to Questor Partners Fund and its three processing plants to Starkist tuna maker H.J. Heinz Co. Terms weren't disclosed for the deals, which are designed to keep the Justice Department at bay eight years after it balked at Heinz buying San Diego-based Bumble Bee outright, an analyst said. The arrangement will leave Heinz processing most of the $1.1 billion in tuna sold in the U.S.
BUSINESS
August 17, 1989 | CHRIS KRAUL, San Diego County Business Editor
Pillsbury announced a definitive agreement Wednesday to sell its Bumble Bee Seafoods subsidiary to Unicord Co. of Thailand for $269 million in cash. The deal marks the second sale of a major U.S. tuna canning operation to Far Eastern interests over the past year and another step in Pillsbury's divestiture program. Last November, Ralston Purina sold its Chicken of the Sea tuna company to PT Mantrust of Indonesia for $260 million.
BUSINESS
August 16, 1989 | From Times wire services
The Pillsbury Co. said today it plans to sell its Bumble Bee Seafoods Inc. subsidiary to an affiliate of Unicord Co. Ltd. of Thailand for $269 million in cash. The sale of Bumble Bee and its Santa Fe Springs manufacturing facility to the newly formed Uni Group Inc., a U.S.-based affiliate of Unicord, is expected to be completed in September, the companies said.
BUSINESS
December 21, 1990 | MICHAEL PARRISH, TIMES STAFF WRITER
Greenpeace and the Dolphin Coalition, which have been agitating for an end to tuna-fishing practices that kill dolphins, have agreed on the draft of a five-point corporate policy that they want the international tuna-packing industry to adopt. The policy would go beyond recent federal legislation that set U.S. standards for tuna that can be labeled "dolphin safe." "We'd like the tuna industry to move toward a higher ground," said Traci R.
NEWS
August 4, 1992 | CHARLES P. WALLACE, TIMES STAFF WRITER
The headquarters of Thailand's Unicord Co. are in a nondescript suite of offices on a rundown side street in Bangkok--a far cry from the boardrooms of giant multinational companies where most major mergers and acquisitions are carried out. But Unicord has carved a special niche for itself in Southeast Asia by becoming the region's largest investor in the United States.
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