Australia, Feb. 18 -- Clean Seas Seafood Limited advises that it has received a non-binding, indicative and incomplete proposal from Yumbah Aquaculture Ltd ("Yumbah") to merge with CSS through the acquisition of 100% of CSS shares by way of a scheme of arrangement ("Scheme") offering $0.14 cash per share with a scrip alternative in Yumbah ("Proposal").About YumbahYumbah is an Australian-owned vertically integrated investment grade shellfish aquaculture portfolio with operations in South Australia, Victoria, Tasmania and New South Wales. The company delivers premium produce from spat through to harvested products, supplying farmers, wholesalers and retailers with sustainably farmed shellfish.Yumbah is the largest producer of abalone in the S...