Strategic rethink over Omega Protein

- Last updated on GMT

Related tags: Corporation

Zapata Corporation, the holding company which controls 61 per cent
of Omega Protein Corporation, has said it is exploring new ways to
enhance the value of its shareholding in the marine protein
producer.

Zapata Corporation, the holding company which controls 61 per cent of Omega Protein Corporation, has said it is exploring new ways to enhance the value of its shareholding in the marine protein producer.

In a statement, Zapata said its board of directors considered that Omega Protein was undervalued and that its value could perhaps be increased through a new transaction or a change in strategy.

The board has therefore asked Zapata's management to consider increasing Zapata's ownership position in Omega Protein or alternatively to consider a possible sale of the stake or another "significant strategic transaction"​.

The company stressed, however, that there was no certainty that any transaction would in fact take place as a result of this process.

Related topics: Suppliers

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