Monday, October 10, 2011

Two fisheries giants locked in standoff on Canada's East coast

Cooke Aquaculture is looking to purchase Clearwater Seafood, but the current owner of Clearwater John Risley at 64 isn't ready to retire. Currently the bid offered by Cooke aquaculture only values Clearwater at Can$100 million (€71.816 million). The two firms know they would be stronger together but Clearwater board of Trustees rejected Cooke's bid, this has forced Cooke back to the drawing board, and Mr Cooke said that he understands both, its not just about the money for the shareholders, he went on to say “It is not a hate relationship. We understand their dream, we run a bigger dream.” Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers.
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