Chicken Of The Sea, Bumble Bee Abandon Plan To Unite As One Giant Can Of Tuna After DOJ Objects

The DOJ announced on Friday that the merger -- proposed a http://bigleash3358.hazblog.com/Primer-blog-b1/How-to-make-a-social-media-marketing-plan-for-your-small-business-in-6-steps-b1-p241.htm year hvac ago between Thai Union Group, owner of Chicken of the Sea and Bumble Bee -- is kaput, saying it would've hurt competition in the U.S. canned tuna market.



If the two tuna companies had united forces, it would have combined the second- and third-largest sellers of tinned tuna in the U.S. That's a big deal when you consider that click here there are really only three major players in the canned fish business in the country, with the first-largest seller being Starkist.

"Consumers are better off without this deal," Assistant Attorney General Bill Baer said in a statement, adding that the two companies shouldn't be surprised. "Our investigation convinced us - and the parties knew or should have known from the get go - that the market is not functioning competitively today, and further consolidation would only make things worse."