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Wednesday, October 29, 2014

Norwegian cruise liner Hurtigruten recommends takeover bid

Norwegian cruise line operator Hurtigruten has recommended a takeover offer from a group of investors led by several board members, valuing the firm at about 2.94 billion crowns , the firm said on Monday. Investors led by Chairman Trygve Hegnar and board member Petter Stordalen, a wealthy hotel tycoon, offered 7.00 crowns per share for Hurtigruten, which operates scenic cruises along the fjords of the Norwegian coast.

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