Fairstar Heavy Transport rejects Dockwise bid

News - April 24, 2012

| More

Fairstar Heavy Transport has received, and rejected, an 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 have concluded that the conditional offer significantly undervalues the business and has recommended to Fairstar shareholders not to accept the offer.

The Board said it was aware 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.

 

More articles from this category

More news

Categories

Product Guide

News Letter

Fill in your name, company and e-mail address below for our bi-weekly newsletter.

Subscribe
Unsubscribe

Clarksons

Powered by MARIS.

Subscribe to Offshore Shipping News Online RSS

Follow Offshore Shipping News Online on Twitter

Subscribe to email updates

Sponsors

sponsorsponsorsponsor

Events

FPSO Integrity Management and Life Extension
24-25 November 2014
United kingdom, London.

Design and Operation of OSVs for Ice and Cold Climates
24-25 November 2014
United kingdom, London.

OSV Chartering Contract Management Africa
24-25 November 2014
South africa, Cape Town.

Subsea and OSV Africa
26-27 November 2014
South africa, Cape Town.

FPSO Training Course Paris
01-03 December 2014
France, Paris.

More events