Fish farmer Marine Harvest has eased the conditions of its hostile $1.7 billion bid for rival Cermaq, signaling it would take a minority stake of its unable to win over a majority of shareholders. Marine Harvest, controlled by shipping tycoon John Fredriksen, said on Wednesday it had cut the minimum acceptance level for its offer to 33.4 percent from 50 percent, and the bid would not be conditional on checking Cermaq's books.

Marine Harvest eases $1.7B Cermaq bid. (2013, June 7). Malaya Business Insight, p. A9.