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    Fairstar Heavy Transport rejects Dockwise bid

    News // April 24, 2012

    Fairstar Heavy Transportáhas received, and rejected,áan unsolicited, conditional offer from Dockwise to acquire Fairstar shares at a purchase price of NKr 9.3 per share.

    The Joint Supervisory and Management Boards of Fairstar haveáconcluded that the conditional offer significantly undervalues the business and has recommended to Fairstar shareholders not to acceptátheáoffer.

    The Board said it wasáaware that a number of shareholders have been solicited by Dockwise to enter into a conditional agreement at the current offer price and cautioned shareholders to consider that accepting such an arrangement may limit their opportunities to accept an alternative proposal at a higher offer.

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