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Provider: Reuters Investment Profile
Provider: Wright Reports
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Marine Harvest ASA Acquires Additional Shares in Morpol ASA

Thursday, 7 Nov 2013 02:01am EST 

Marine Harvest ASA announced that it has acquired over 90% of the shares in Morpol ASA and it would purchase all additional shares offered to it in the period up to November 6, 2013 at a price of NOK 11.85 per share. Through the offer Marine Harvest has acquired additional 21,166,504 shares in Morpol ASA, and Marine Harvest owns 167,492,329 shares in Morpol, representing 99.7% of Morpol's shares capital. The board of directors of Marine Harvest has following expiry of the Offer Period resolved to effect a compulsory acquisition (squeeze-out) of all outstanding shares of Morpol that are not owned by Marine Harvest, in accordance with the Norwegian Public Limited Liability Companies Act section 4-25. Marine Harvest is offering to pay NOK 11.85 per share that is acquired through the compulsory acquisition (the Compulsory Offer Price).