Marine Harvest ASA has received permission from the Ministry of Trade and Finance to carry out such compulsory acquisition of shares from small shareholders. On February 14, 2011 Marine Harvest ASA made a voluntary offer to the company's shareholders that owned less than 1,000 shares as per February 8, 2011.
The offer price was NOK 6.9837 (€0.889) and the acceptance period expired on February 28, 2011. The offer included a notice that Marine Harvest ASA intended to apply to the Ministry of Trade and Industry for permission to carry out a compulsory acquisition of shares owned by shareholders whose shares have a total value of up to NOK500 (€63.645).
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This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers
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