Bumble Bee Is Said in Talks With FCF Fishery for Bankruptcy Sale

Bumble Bee Foods LLC, the canned tuna producer that pleaded guilty to price-fixing, is in talks with seafood industry peer FCF Fishery to buy the company during a bankruptcy reorganization, according to people with knowledge of the discussions.

Taiwan-based FCF would act as a so-called stalking-horse bidder in a Chapter 11 reorganization, which Bumble Bee could file as soon as this week, said the people, who asked not to be identified discussing the private deliberations. A stalking-horse bid sets a floor for any other offers that emerge in a court-supervised sale. Talks could still fall apart and terms of ...