Twitter announced its fourth-quarter revenues on Thursday, going beyond analyst expectations on the top and all-time low.
World News & & Evaluation Thai Union Frozen Products announced Friday it is acquiring Bumble Bee Seafoods, a major seller of canned tuna in the United States, for.5
billion. The Thai business, known as TUF, stated the purchase of Bumble Bee, which is had by personal equity firm Lion Capital, is expected to be completed by the 2nd half of 2015, pending approval by U.S. antitrust authorities. Thai Union’s statement states it has annual sales surpassing 100 billion baht (billion)with a worldwide labor force of more than 35,000. San Diego-based Bumble Bee creates annual sales of roughly billion with a labor force of more than 1,300 individuals. The Thai company already has Chicken of the Sea, another significant U.S. service provider of packaged seafood. Thiraphong Chansiri, the president and CEO of Thai Union, said the purchase was the business’s biggest acquisition ever.’ Upon completion, the transaction will certainly be immediately accretive to TUF’s incomes and cash circulations,’he said. Absorbing Bumble Bee would decrease costs and improve performance. Sign up for TheStreetTV on YouTube: http://t.st/TheStreetTV For more material from TheStreet see: http://thestreet.com Have a look at all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter
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