SA News • Mon, Sep. 22
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Mon, Sep. 22, 6:42 AM
- In yet another move expanding its foods business, Mitsubishi (OTCPK:MSBHY) has offered to buy Norwegian fishery Cermaq (OTC:CRMQY) for 8.9B kroner ($1.4B). The offer is 14% more than Cermaq’s closing price on Sept. 19.
- Norway's Ministry of Trade, Industry and Fisheries, Cermaq’s biggest shareholder (with a 59.2% stake) says it’s prepared to sell its shares to Mitsubishi, although it could switch to another buyer if presented with a more attractive offer.
Jun. 5, 2013, 5:15 PMShipping magnate John Fredriksen expects the tanker market to remain depressed for at least two more years, but is more optimistic about the outlook for other arms of his shipping empire. The rig market looks strong for another three to five years, he says, which bodes well for Seadrill (SDRL), which has an aggressive growth strategy with 19 new rigs incoming. | 2 Comments
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