Mitsubishi, Legend rule out Clearwater bids with Antarctica brought in to drum up global interest

RBC Capital Markets and Antarctica Advisors were hired to attract international bidders for Clearwater Seafoods’ sale after Mitsubishi and China’s Legend ruled themselves out; valuations between C$880 million and C$1.2 billion face Canadian ownership restrictions requiring 51 % domestic control, with potential suitors including Royal Greenland and Maruha Nichiro