Norway's Cermaq rejects hostile bid from Marine Harvest
OSLO (Reuters) - Salmon firm Cermaq (CEQ.OL) rejected a $1.7 billion hostile takeover bid from Marine Harvest (MHG.OL), the world's biggest fish farmer, saying it undervalued the company and came with unacceptable conditions.
Cermaq will now go ahead with its own $732 million bid for Peruvian fishmeal firm Copeinca (COPE.OL) as it would better serve the firm than accepting a lowball bid, it said in a statement on Thursday.
NEW YORK, March 8 (Reuters-peHUB) - The auction of JP Morgan Chase's private equity business, One Equity Partners, in the market since at least November, has hit an impasse, according to three people with knowledge of the situation.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.