Reuters logo
Marine Harvest abandons hostile $1.7 bln bid for Cermaq
June 21, 2013 / 7:41 AM / 4 years ago

Marine Harvest abandons hostile $1.7 bln bid for Cermaq

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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below