Hollingsworth, Rothwell & Roxford, a self-described merger and acquisition partnership, said it has filed a complaint with the US Securities and Exchange Commission about Zapata Corp’s anti-takeover filing.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Zapata, which produces fish meal and fish oil, rejected a US$45 per share unsolicited offer from HHR earlier this month, saying it was not in the best interest of the company and its shareholders.

HRR claims that the interests of 52.7% of Zapata’s shareholders are no longer represented by Zapata’s board, because no-one other than the Glazer family, who control the company’s board, can acquire the fish meal products maker.

HHR said in a statement that Zapata’s anti-takeover filing on 17 March makes it nearly impossible for anyone to acquire Zapata anymore, other than the Glazer family who own 47.3% of the company.

HHR has so far not provided details of how it would finance the bid, reported Reuters.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.