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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Ratings
Provider: Ratings

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Cermaq ASA Comments on Offer from Marine Harvest ASA

Wednesday, 1 May 2013 07:22pm EDT 

Cermaq ASA announced that its Board of Directors has now reviewed the terms of Marine Harvest's potential conditional offer as set out in the recent public announcement. After careful consideration with the assistance of its advisors, the Board has concluded unanimously that the Marine Harvest potential conditional offer significantly undervalues Cermaq. In its evaluation, the Board has also taken into account that the consideration is partly in the form of shares in Marine Harvest. The Cermaq Board strongly urges shareholders to support the completion of the Copeinca transaction as planned. Recognizing that this, based on the conditions presented, may prevent the launch by Marine Harvest of its potential offer, the Board and management of Cermaq are committed to take such actions as would be required to deliver value to its shareholders which are consistent with the Board's evaluation as set out above. 

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1.75 +1.99%
19 Sep 2014