Marine Harvest submitted a voluntary offer for the outstanding shares in Cermaq this Friday, edging up to NOK 107 (€14.1/$18.4) per share, a NOK 3 (€0.39/$0.51) increase from its previous offer.

The company said it had been in negotiations with Cermaq to reach an amicable agreement, and it was prepared to increase the value of the original voluntary offer by more than NOK 8 (€1/$1.4) per share.

"It was, however, not possible to receive support for such an offer from the board of directors of Cermaq," the company said, which is why it "sees no reason to continue these negotiations" and resorted to the offer submitted Friday.

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