Three main shareholders in the Scottish Salmon Company (SSC) have accepted the mandatory offer from Bakkafrost for all of their shares.
CEO Craig Anderson, along with non-executive director Douglas Low and Business Development Director Susan Cox, on Thursday cashed out shares at Bakkafrost’s NOK 28.25 (€2.80/$3.10) per share offer.
Anderson's shareholdings of 456,086 shares is valued at NOK 12.9 million ($1.4 million/€1.3 million).
Merete Myhrstad, also a member of the board of the Scottish Salmon Company, (SSC), on Wednesday accepted the mandatory offer from Bakkafrost.
Faroese producer Bakkafrost announced in September it was acquiring 68.6 percent of SSC from its largest shareholder, Northern Link Ltd., representing the company's first salmon farming acquisition outside of its home country.
Bakkafrost followed up, as is Norwegian law, with an offer for the remaining shares in the company from SSC's minority shareholders.
Minority shareholders have previously criticized the bid, stating they want the same offer that was given to Northern Link.
But in a statement released by SSC on Monday, the company urged shareholders to accept the current offer price of NOK 28.25 (€2.80/$3.10) per share, again citing the price offered by Bakkafrost is "at an all-time high."
The latest group joined Myhrstad and other minority shareholders Frode Teigen, with 6.3 percent, his wholly owned company Kontrari, representing 1.4 percent, and Liechtenstein-based asset manager Bonafide with around 2 percent.