Copeinca ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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China Fishery Group Ltd's Subsidiary Announces Amendment of Terms of Voluntary Cash Tender Offer to Acquire All Shares in Copeinca ASA
China Fishery Group Ltd (CFGL) announced in reference to the voluntary cash tender offer for shares of Copeinca ASA (the Company) made by Grand Success Investment (Singapore) Private Limited (the Offeror), a Singaporean limited liability company indirectly owned by China Fishery Group Limited, that the Offeror is to amend the terms and conditions of the Offer by increasing the Offer Price in the Offer to NOK 59.70, so as to match the price of NOK 59.70 offered by Cermaq. In addition, the Offeror has decided to extend the Acceptance Period in the Offer, and the new expiry time is May 10, 2013 at 21:00 (CET) / 15:00 (PET). Settlement is expected to take place in early June 2013, subject to satisfaction or waiver by the Offeror of the conditions for completion of the Offer as set out in section 3.3 of the Offer Document. As a result of the extension of the Acceptance Period, the Drop-dead Date in the Offer will be extended to July 16, 2013 at 21:00 (CET) / 15:00 (PET). The latest possible settlement date under the revised Offer will be August 6, 2013, three weeks from the adjusted Drop-dead Date. The Offeror has decided to waive the condition in section 3.3 (f) (iv) (a) of the Offer Document as regards the issuance of 11.7 million new shares to Cermaq. On April 11, 2013, the Offeror has received pre-acceptances and entered into call-option agreements for a total of 16,921,048 Shares, equal to 24.1% of the Shares and votes in the Company following the above mentioned share issue.
Latest Developments for Copeinca ASA
- China Fishery Group Ltd's Subsidiary Completes Mandatory Offer for Copeinca ASA
- Copeinca ASA Announces Preliminary Results of Mandatory Offer Made by China Fishery Group Limited's Subsidiary
- Copeinca ASA's Board Of Directors Recommends Shareholders to Accept Mandatory Offer Made by China Fishery Group Limited's Subsidiary
- China Fishery Group Ltd's Subsidiary Launches Mandatory Offer for Shares in Copeinca ASA
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