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Thai Union Group buys 25% stake in Red Lobster

Thai Union Group paid $575 million to acquire a 25% stake in Red Lobster Seafood Restaurants, with an option to acquire another 24%. Known for its Chicken of the Sea tuna brand, the Thai company supplies food to Red Lobster, Wal-Mart and Costco and expects to reach revenue of $5 billion this year. Read the Reuters story here

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