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.
Study reveals strong juvenile trout drop in the ocean Canada
A new study tracking 35-year trends for more than 40 steelhead populations determined that declining numbers of steelhead trout in the rivers flowing through British Columbia, Washington state, and Oregon are linked to poor survival of young fish in ocean environments.