Marine Harvest Eases Conditions In $1.7B Cermaq Acquisition

Law360, New York (June 5, 2013, 2:54 PM EDT) -- Norwegian fish farmer Marine Harvest ASA on Wednesday lightened restrictions tied to its hostile $1.7 billion takeover of a smaller rival, saying it would pursue a minority stake if it couldn't win enough support for a full buyout and would go forward without due diligence.

The move is the latest in a showdown between the companies that traces back more than a month. Cermaq's board has fiercely opposed Marine Harvest's efforts, and its biggest shareholders — including the Norwegian government, with a 43.5 percent interest —...
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