The Canada Brief

Canada · 8 d ago

Fresh fish fillets

High Liner Foods agrees to a $804-million takeover by Japan's Umios

Offer per share, in cash

27 $ per share

Umios will pay $27 per share in cash. High Liner shares closed at $15.08 on the Toronto Stock Exchange on Friday.

Umios plans to make High Liner the core of its North American business, with its headquarters staying in Nova Scotia. It says it will keep the workforce, brands and customer relationships.

What we know

  • The board unanimously backs the deal
  • Thornridge, with 41.4%, supports it

Not yet

  • The December vote, needing 75%
  • Other approvals before closing

The deal needs a shareholder vote in December, with 75 per cent in favour, and is expected to close in early 2027.