Marine Harvest abandons hostile $1.7 bln bid for Cermaq
OSLO, June 21
OSLO, June 21 (Reuters) - Fish farmer Marine Harvest abandoned its $1.7 billion bid for rival Cermaq on Friday after shareholders opted not to sell, it said in a statement on Friday.
"Marine Harvest has through the voluntary offer received acceptances below the 33.4 percent level set as a condition," it said in a statement.
"Accordingly, Marine Harvest will not complete the voluntary offer and all acceptances received are automatically released." (Reporting by Balazs Koranyi)
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