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Wednesday, October 29, 2014

Hurtigruten Shares at 6-yr High After Bid

Norway's Hurtigruten, which operates scenic cruise lines along the country's fjords and into the Arctic, has agreed to a takeover offer from a group led by several board members, driving its shares to six-year highs. Hurtigruten said on Wednesday it was recommending an offer of 7 crowns per share, a 55.6 percent premium on its last close, led by London-based private equity firm TDR Capital, property tycoon and board member Petter Stordalen and Chairman Trygve Hegnar.

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