Fish oil producer Zapata has received an unsolicited offer to acquire the company for US$107.6m from a merger and acquisition partnership.
Zapata said its board would consider the $45 per share cash offer from Hollingsworth, Rothwell & Roxford, and would respond to the offer next week. Shares in Zapata were up $1.39 at $37.78 on Wednesday, reported Reuters.
Zapata, which was founded as an oil and gas company by former US president George Bush nearly 50 years ago, owns Omega Protein, the US’ largest producer of fish meal and fish oil.
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