Cermaq's board believes a potential conditional offer by Marine Harvest 'significantly undervalues the company'.
Cermaq says the the launch of Marine Harvests potential offer is conditional upon the Cermaq shareholders deciding not to carry out the Copeinca transaction.
Cermaq fundamentally disagrees with Marine Harvest's views as to the merits of this transaction and reiterates that it continues to believe firmly in the strategic rationale for and attractiveness to Cermaq of the Copeinca acquisition.
It says: "Marine Harvest sees the announcement of the Copeinca transaction as a reason for the recent relative underperformance of the Cermaq share.
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