Japanese conglomerate Mitsubishi Corporation will launch a voluntary cash offer to acquire 100 percent of the shares in Norwegian salmon farmer Cermaq through its wholly-owned subsidiary MC Ocean Holdings, valued at NOK 96 (€11.80/$15.10) per share.
The offer values the total share capital of the Oslo-listed company at about NOK 8.88 billion (€1.1 billion/$1.4 billion).
In a statement, the board of directors of Cermaq has unanimously decided to recommend its shareholders accept the offer.
The price represents a 14.3 percent premium to Cermaq's closing share price on Sept.
