Dockwise approves rights issue to finance proposed acquisition of Fairstar

Company News - May 10, 2012

| More

Referring to an announcement by Dockwise Ltd on 22 April 2012, regarding the acquisition of shares in Fairstar Heavy Transport NV, and a notice of 23 April 2012 for the Annual General Meeting of Shareholders to authorize the proposed rights issue to part-finance the acquisition, Dokwise says that, upon approval of the Rights Issue, the share purchase agreement with Oceanus for 26 per cent of the shares in Fairstar has now become unconditional and ownership by Dockwise in Fairstar has increased to about 54 per cent.

Dockwise said the agreement with Oceanus will be completed in the next few days and that it will prepare an offer document for a (mandatory) public offer for the remaining approximately 46 per cent shares in Fairstar at an offer price of NKr 9.30 per share.

Dockwise expects to make the public offer on or around 15 May 2012. 

 

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

European Autumn Gas Conference 2014
28-30 October 2014
United kingdom, London.

Arctic Oil & Gas Conference
04-05 November 2014
Norway, Oslo.

Arctic Oil Spill Conference
06-07 November 2014
Norway, Oslo.

Subsea Vessels North America Conference
13-14 November 2014
United states, Houston.

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

More events