Analysts at Nordea Markets, DNB Markets and Arctic Securities believe the NOK 96 (€11.80/$15.10) per share bid from Mitsubishi to take over Norwegian salmon farmer Cermaq is a "good deal" -- one which only Marine Harvest could counter.

Carnegie said Monday morning Marine Harvest -- which was vying to buy Cermaq last year -- could most likely submit a counter proposal, reported TDN Finans.

However, Alf-Helge Aarskog, ruled out a bidding war over Cermaq with the Japanese conglomerate.

"I think we can that rule out," he told Bergens Tidende.