Heinz Drops Plan to Buy Bumble Bee From: The Washington Post | Date: July 23, 1988 | Copyright 1988 The Washington Post. This material is published under license from the Washington Post.  All inquiries regarding rights should be directed to the Washington Post.Copyright information

This time it was Charlie's turn to say sorry.

H.J. Heinz Co., the maker of Star-Kist tuna, whose advertisements star the hapless Charlie the Tuna, said today that it had terminated its agreement to acquire competitor Bumble Bee Seafoods Inc.

The announcement comes two months after the Justice Department said it would file suit to stop the deal on antitrust grounds. The federal regulators said that Star-Kist and San Diego-based Bumble Bee account for half of the $1 billion retail canned tuna market in the United States. Heinz argued that foreign tuna canners would provide sufficient ...

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