The Board of Directors of Cermaq ASA has entered into a Tender Offer Agreement with Mitsubishi Corporation whereby the latter, through its wholly-owned subsidiary MC Ocean Holdings Limited, will launch a voluntary cash offer to acquire the entire issued share capital of the former for NOK 96 (USD 15) per share in cash.
The offer values the total share capital of Cermaq at approximately NOK 8,880 million (USD 1.4 billion) on a fully diluted basis.
David versus Goliath in fishing Peru
A little more than three years ago, the government of the People's Republic of China surprised the world by reporting that its distant water industrial vessels, which fish for squid at the edge of the...