After Peruvian fishmeal and fish oil producer Copeinca declined China Fishery Group’s takeover offer again, the company is now reviewing its options to place a new bid.China Fishery is “currently reviewing its options in light of the Cermaq and Copeinca announcements and will update the market within due course.”
On 13 May, the company offered to buy Copeinca for NOK 59.70 (USD 10.24, EUR 7.91) per share, with the offering expiring on 23 May.
Copeinca on Thursday said its board would not accept China Fishery’s current offer.
China Fishery has received acceptances of the offer for a total of 13,214,382 shares, including the pre-accepted shares, which together with the call option agreement of 6,295,100 shares and the 5,773,000 shares owned by the company represents approximately 36 percent of the outstanding shares and votes in the company.
