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Bumble Bee Foods files for bankruptcy

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Bumble Bee Foods filed for Chapter 11 bankruptcy protection.

Through the bankruptcy proceedings, the tuna brand operator will sell its assets to Taiwan-based FCF Co. Ltd. for $925 million.

The bankruptcy filing comes more than two years after Bumble Bee Foods pleaded guilty to conspiring to fix the cost of canned and pouched tuna.

Read more from USA Today.


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