Bonds could pave way for Cooke control of Clearwater

Cooke faces a major obstacle in its offer to take over Canada's largest fishing company, CSLP. Its co-founders John Risley and Colin MacDonald, who own 48 percent of CSLP, are fiercely opposed to a takeover.

This is non-negligible fact especially considering that, when including the founders’ friends and family members such as Colin MacDonald’s brother Mickey, their indirect control extends to more than 60 percent of CSLP.

However, it seems Cooke may be able to bypass this obstacle by offering to buy back outstanding debentures issued by CSLP and that are worth around CAD$90 million (€63.3