OSLO Jan 17 Norwegian fund manger Odin
Forvaltning will accept BASF's sweetened takeover
offer for fish-oils maker Pronova and expects the
German company to exceed its 90 percent threshold to complete
the deal, it said on Thursday.
"We will accept the offer even though we are not satisfied
with the price," Odin's Alexandra Morris told Reuters. "Our
alternative would be to go into a prolonged struggle."
Odin, which holds 4.7 percent of Pronova has been one of the
chief skeptics of the offer, which BASF raised to 13.50
Norwegian crowns per share this week from 12.5 crowns after
(Reporting by Joachim Dagenborg)