Marine Harvest, the world's biggest fish farmer, slightly raised its offer for rival Cermaq on Friday to 9.9 billion crowns ($1.7 billion), saying it would have bid more had it got the backing of Cermaq's board. Marine Harvest, controlled by shipping tycoon John Fredriksen, said it would now pay 107 crowns per share in cash and shares, above the 104 crowns offered before, bur below the stock's recent trading price. "Marine Harvest was prepared to increase the value of our original voluntary offer with more than 8 crowns per share, " it said.

Marine Harvest dangles prospect of higher bid for Cermaq. (2013, June 4). Malaya Business Insight, p. A9.