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Cermaq’s largest shareholder looks set to approve rights issue to fund Copeinca deal, making Marine Harvest’s bid less certain, says Norwegian media
Marine Harvest May Boost $1.7 Billion Cermaq Bid, Analyst Says
http://origin-www.bloomberg.com/news/2013-05-03/marine-harvest-may-boost-1-7-billion-cermaq-bid-analyst-says.htmlChina Fish's offer expires on 10 May. Cermaq's offer expires on 28 May. Meanwhile, Marine Harvest ups stake in Cermaq to 5.44%. Norway parliament's decision this month. Also, wonder which side the shareholders of both Copeinca & Cermaq will incline to?
Await ding-dong process to be over... hopefully end of June 水 落 石 出 ?
tenacious ( Date: 03-May-2013 13:38) Posted:
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Blanchard, ... with the latest development (Marine Harvest in the picture), how is it a good chance for chinafish to acquire copeinca ?
http://finance.yahoo.com/news/cermaq-asa-cermaq-continues-process-232602469.html
...acquisition fight continues... await new development...
Blanchard ( Date: 02-May-2013 09:40) Posted:
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Cermaq comments on Marine Harvest`s conditional, unsolicited takeover offer: Cermaq continues process to complete Copeinca transaction and deems Marine Harvests conditional, unsolicited offer as inadequate...
Marine Harvest ASA (" Marine Harvest" ) has acquired 4,341,000 shares in Cermaq ASA (" Cermaq" ), corresponding to 4.7 per cent of the share capital in Cermaq. The Board of Directors of Marine Harvest has decided that Marine Harvest, if the annual general meeting of Cermaq rejects the proposed equity issues that are necessary to acquire Copeinca ASA (" Copeinca" ), will make a voluntary offer of NOK 105 per share for all outstanding shares of Cermaq. The offer price will be adjusted to NOK 104 per share if the proposed dividend of NOK 1.00 per share is resolved at the Cermaq annual general meeting.
http://www.marineharvest.com/en/Investor1/Press-releases/2013/Marine-Harvest-will-offer-NOK-105-per-share-in-Cermaq/
Latest surprising development: Marine Harvest makes takeover offer for Cermaq - http://www.undercurrentnews.com/2013/04/30/marine-harvest-makes-takeover-offer-for-cermaq/
It's really a fish eat fish world!!!... Looks like China Fish has very good chance of acquiring control of the valuable Copeinca...
Your rights issue shares should have been credited into your securities account on 22 Apr 13. CDP did send out a statement to inform us.
lawliet ( Date: 30-Apr-2013 15:50) Posted:
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Hi All,
Have all the rights been credited into your accounts? I still have not received mine. Should this be the case?
Cermaq kicks off tender offer for Copeinca
http://www.undercurrentnews.com/2013/04/29/cermaq-kicks-off-tender-off-for-copeinca/
For your reading pleasure...
Wah.....
| 16:06:51 | 0.395 | 1,998,000 | Bought from Seller |
Nice to see China Fish price hit 0.40 today... Got buying interest...
In this fish eat fish, or rather dog eat dog world, who knows China Fish & Pacific Andes might become someone else's acquisition targets one fine day??? Just a possibility.... meanwhile, life goes on... 加 油 ....
I plan to buy in @ 0.35
Just for some crude comparison... Cermaq, the company seeking to acquire Copeinca as well, has a PE of ~10x and a PB of 1.39x. China Fish is relatively very cheap!!!
NTA per share is ~0.38 USD or ~0.47 SGD.
Current price of 0.385 is ~18% discount with respect to the NTA.
Cheap & growing stock.... good to get & keep it....
tchoonw ( Date: 20-Apr-2013 09:44) Posted:
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Investment guru John Mauldin advocates investing in what he terms sustainable investments such as the food, energy and technology sectors...sectors that create things people want, and make more things available at a lower cost... (Business Times 20 Apr 13)