1 Jul, 2011: Codfarmers and Atlantic Cod Farms to merge
Codfarmers ASA (COD) and Atlantic Cod Farms AS (ACF) have today entered into a letter of intent for the combination of the companies (the "Transaction"). The Transaction will be structured as a share for share exchange, under which the ACF shareholders will receive COD shares as consideration for their ACF shares. Based on the agreed exchange ratio and assuming 100% acceptance from the ACF shareholders, the COD shareholders and the ACF shareholders will own 51.1% and 48.9%, respectively, of the combined company.
ICES identifies 'substantial' species distribution shifts Denmark
A total of 16 out of 21 species examined by experts of the Workshop on Fish Distribution Shifts in response to a request from the EC have shown changes in their distributions across the northeast Atlantic since 1985, with hake and mackerel shifting the most.