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Marine Harvest Changes Required Acceptance Level for Cermaq

Lucy Towers
05 June 2013, at 1:00am

NORWAY - In regards to the offer Marine Harvest has made for all outstanding shares Cermaq, the Board of Directors of Marine Harvest has decided to reduce the required acceptance level in the increased voluntary offer for Cermaq to 33.4 per cent; as was stated in the stock exchange notice as of 31 May 2013.

Marine Harvest said it has so far received substantial support for its intention to combine the two companies.

Marine Harvest is offering 8.6 shares in Marine Harvest in addition to NOK 53.25 in cash per share in Cermaq. 

The offer period will be initiated as soon as the offer document is approved by the Oslo Stock Exchange and available for distribution. The offer period is now expected to commence at 09.00 CET on 6 June 2013 and expire at 09.00 CET on 21 June 2013.