Sources: Davis in deal for US scallop catcher Peabody Corp.

After being in talks to buy Oceans Fleet Fisheries and looking at Wanchese Fish Company, Jeff Davis and his private equity partners are reportedly set to buy a US scallop company at last. Davis is being named by sector sources as the prospective buyer for Peabody Corp., a scallop fishing firm based in Virginia with seven or eight vessels.,,Davis was looking at Suffolk, Virginia-based Wanchese, which Canadian salmon farming firm Cooke Aquaculture is reportedly set to buy, Cooke is also thought to be looking to acquire Carlos Rafael’s 13 New Bedford-based scallop vessels and move them to Virginia, as part of the deal. Read the rest here 09:07