Foreign bids on Icicle higher than US suitors expected, players up against American Fisheries Act

First round bids for the purchase of Icicle Seafoods — up for sale by private equity owner Paine & Partners —  are far, far higher than expected, sources involved in the sale process told Undercurrent News. Major foreign players have — so far— made “insane” offers, well beyond what US-based companies are willing to pay. If foreign players ultimately do outbid their US competitors, they will have to fenagle their way around the American Fisheries Act, which limits foreign ownership of fishing vessels. Read the rest here 16:42

  • Groundswell Fisheries Movement

    OK, I’ll start…. seems like foreign bidders are well aware of the crooked accounting and global tax evasion (Abusive Transfer Pricing) and are ignoring “accounting valuations in ledgerdemains” and willing to pay global awareness level for the true worth. Oh boy, that could make it tough for US buyers to compete for parts of the sale. CDQs can kiss my caudal peduncle, because they often have unfair tax avoidance structures. Come on, join in and speak out, please… I’ll be back!

    Contact your congressmen and demand federal trade commission and Justice Dept. merger and acquisition reviews and investigations now!

    Stephen – Groundswell