Mitsubishi to become 2nd largest global salmon producer after Norway okays sale of Cermaq
SEAFOODNEWS.COM [Wall Street Journal] By By Kjetil Malkenes Hovland and Mari Iwata - September 22, 2014 -
OSLO, Norway's government said today it is prepared to sell its majority stake in Oslo-listed salmon farmer Cermaq ASA to Mitsubishi Corp. , in a deal valuing the company at 8.88 billion Norwegian kroner ($1.4 billion) , but that it was also prepared to consider potential competing offers.
Mitsubishi said it would launch a voluntary offer for all of the shares in Cermaq ASA at a price of 96 kroner per share, with an offer period of a minimum of four weeks. Cermaq's board of directors unanimously recommended that its shareholders accept the offer...
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