On June 23, Akva revealed that its board member Frode Teigen would make a compulsory buyout offer for the company at NOK 11 per share.
Teigen owns 40 percent of Akva, so the total price would amount to NOK 170 million (€21.7 million/$31.2 million) if all investors agree to sell their shares.
However, although the offer is in line with Akva's current share price, it is very low compared to the group's share price before June. Between January and late May 2011, Akva shares have