Scottish Salmon Company shareholder criticizes terms of Bakkafrost offer

Scottish Salmon Company (SSC) minority Norwegian shareholder Arild Johansen says he should be offered the same terms as the private equity shareholder Northern Link for Faroese salmon giant Bakkafrost's acquisition of the Scottish salmon farming giant.

Johansen, a committee member of Norwegian investment vehicle FMG Funds, proposed a different corporate governance scheme that would align minority shareholders with Northern Link's deal with Bakkafrost.

"Bakkafrost should offer the same terms to minority shareholders as given to Northern Link, improve its offer price to minority shareholders, and SSC should offer minority shareholders a special dividend now before the mandatory offer squeezes [them] out," Johansen told IntraFish.