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Mitsubishi Pulls Offer to Raise Thai Union Stake
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Mitsubishi Pulls Offer to Raise Thai Union Stake
Thai Union Group said a bid by Japanese conglomerate Mitsubishi Corp. to increase its stake in the seafood giant has hit a roadblock. The offer by Mitsubishi to raise its interest in Thai Union to 20% – reported in August – fell short of the minimum acceptance condition, according to the seafood company. In a filing with the Stock Exchange of Thailand (29 September), Thai Union said it had been informed by Mitsubishi that the offer lapsed becaus…
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