03:44 PM EST - High Liner Foods Incorporated : announced today that the company has plans to acquire Viking Seafoods, Inc. (Viking), a value-added foodservice company based in Malden, Massachusetts. The transaction is expected to close within the next week, subject to High Liner's completion of its due diligence process, final board approval and finalization of a formal purchase agreement. High Liner expects to pay $31.5 million, subject to working capital adjustments, to acquire the private company, which in 2010 had net sales of approximately $40 million. High Liner Foods Incorporated
shares T.HLF.A are trading down $0.50 at $13.50.
