Marine Harvest's Morpol takeover enters final stage

The Oslo Stock Exchange approved Monday Norwegian salmon giant Marine Harvest's mandatory offer to acquire the remaining shares in Polish processor Morpol for NOK 11.50 (€1.5/$2) per share, after it acquired 48.5 percent in December last year.

"Marine Harvest is offering the rest of Morpol's shareholders the option of selling their shares at  NOK 11.50 (€1.5/$2), as with the main shareholders," Kolbjorn Giskeodegard, analyst at Nordea Markets told IntraFish.

"This was what was expected, and the remaining shareholders have two options now -- they can go with this offer, or speculate on a higher bid," he said.