date:Jan 05, 2013
The board of directors of Norwegian aquaculture manufacturer Akva Group have rejected an offer by Egersund Group to buy out the company, according to a statement from Akva.
Egersunds offer, issued on 20 December 2012, amounted to NOK 290,635,909, or NOK 11.25 per share. The mandatory offer came after the companys controlling interest grew to slightly more than 50 percent of Akvas shares on 3 December.
According to Akva, the offer price is close to the all-time low share price. In response to t