US fish oil producer Omega Protein has said it has received an unsolicited US$230m cash takeover offer from an Argentine firm.
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Houston-based Omega, which is owned by Zapata Corp, said it received the $9.50 per share offer in a letter from Ferrari Investments, an Argentina-based company, and unidentified US partners. Ferrari Investments said it recently acquired 4% of Omega’s shares.
Omega said it “has no substantive information regarding the credibility of the information in this letter, any steps Ferrari Investments has taken or may take in furtherance of any bid or proposal, the means by which a bid would be made or the ability of Ferrari Investments to consummate any transaction.”
Back in March, Zapata rejected an unsolicited $45 per share takeover offer from merger and acquisition partnership Hollingsworth, Rothwell & Roxford.
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