Umios to Acquire High Liner Foods for C$27.00 Per Share in Cash Deal
High Liner Foods (HLF:CA) has entered into an agreement to be acquired by Umios in a cash transaction valued at approximately C$804 million on a fully diluted equity basis. Under the terms of the deal, shareholders will receive C$27.00 per share in cash. The acquisition represents a significant premium for the Canadian frozen seafood specialist. The move is expected to consolidate market position within the frozen seafood sector as Umios moves to integrate High Liner Foods' operations into its portfolio.
Topics: Cash Acquisition Frozen Seafood M&A