Brief: Statt Torsk Gets LoI From Vesterålen Havbruk On Potential Business Combination

Statt Torsk ASA

16/08/2023 15:46

Aug 16 (Reuters) - Statt Torsk ASA  STATT.OL :
    * STATT TORSK ASA: UPDATE ON STRATEGIC REVIEW - LETTER OF
INTENT
FROM VESTERÅLEN HAVBRUK AS
    * IT HAS RECEIVED A LETTER OF INTENT FROM VESTERÅLEN HAVBRUK
AS
("VESTERÅLEN HAVBRUK") REGARDING A POTENTIAL BUSINESS
COMBINATION
    * PROPOSAL VALUES EQUITY IN STATT TORSK AT ABOUT NOK 255M
    * IMPLIES A VALUE PER SHARE OF ABOUT NOK 1.20
    * POTENTIAL TRANSACTION IS CONTEMPLATED TO BE SETTLED IN
VESTERÅLEN HAVBRUK SHARES AND MAY INVOLVE A DELISTING OF STATT
TORSK SHARES FROM TRADING ON EURONEXT GROWTH OSLO
    * HAS DECIDED TO ENTER INTO A PERIOD OF DISCUSSIONS WITH
VESTERÅLEN HAVBRUK TO FURTHER EXPLORE BUSINESS COMBINATION,
EVALUATE PROPOSAL
    * AS PART OF BUSINESS COMBINATION, CO MAY TEMPORARILY MODIFY
ITS
PLANS TO TRANSFER JUVENILES TO ITS REKVIKA SITE

Source text for Eikon:  ID:nObi412k0a 
Further company coverage:  STATT.OL 

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