The board of directors of Copeinca ASA has declined an offer by Pacific Andes-owned China Fishery Group Limited (CFGL) to buy the company.
CFG on May 11 offered to buy Copeinca for NOK 59.70 ($10.33/€8) per share, noting the offer would expire today, May 23.
"The board has been informed by each of Dyer Coriat Holding SL (DCH) and Weilheim Investments SL (Weilheim) that each of them will not accept the current offer from CFGL," Copeinca said in statement.
"This means that shareholders controlling 51.5
