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Mitsubishi Go-ahed to Take Over Cermaq

23 October 2014

JAPAN - Mitsubishi Corporation has met all the conditions for its voluntary offer for shares of Cermaq ASA and the deal is expected to go through within two weeks.

The voluntary cash tender offer for shares of Cermaq is being made by MC Ocean Holdings Limited, a UK private limited liability company directly owned by Mitsubishi Corporation.

The acceptance period was from 22 September 2014 to 20 October 2014. 

Mitsubishi and Cermaq said that all regulatory approvals as specified in section 4.3 (c) of the offer document have been obtained.

All conditions for completion of the offer have been met.

The deal is set to take place within two weeks of the date of this stock exchange notice.

Following settlement of the offer, Mitsubishi will initiate a compulsory acquisition of the remaining outstanding shares of the Cermaq in accordance with applicable laws, and propose that the company apply for a delisting of the shares from the Oslo Stock Exchange.

TheMeatSite News Desk

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