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Battle of titans

Copeinca board rejects ‘unattractive’ China Fishery offer

Board 'strongly' advises shareholders not to take up acquisition offer as it says bid is unsolicited, unattractive and points to discrepancies in the offer

By Undercurrent News | Feb. 27, 2013 07:30 GMT
Peruvian fishmeal fleet catches 63% of anchovy TAC
Anchovy fishing in Peru.
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Soft China Fishery offer gives opening for Copeinca owners to block

Anchovy fishing in Peru. Photo: Copeinca

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Copeinca's board has said it will hire financial advisors to explore strategic alternatives after saying the takeover offer from China Fishery was "not attractive", unsolicited and contained discrepancies in its details [...]

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