SalMar Offers $1.3 Billion for Norway Royal Salmon After NTS Bid

SalMar ASA, one of the largest producers of farmed salmon, offered to buy Norway Royal Salmon ASA in a deal valuing the company at about 11.8 billion kroner ($1.3 billion), weeks after an offer from NTS ASA.

The cash offer of 270 kroner apiece represents an 11% premium to Thursday’s closing price and is almost 13% higher than the recent offer made by aquaculture group NTS ASA. Shares of Norway Royal Salmon jumped 14% to a record high in Olso on Friday, while SalMar rose 1.9%.

Norwegian salmon and trout exports more than doubled in value since 2012 ...