Dockwise launches mandatory offer for Fairstar

News - May 15, 2012

| More

Dockwise Ltd has launch, through its wholly-owned subsidiary Dockwise White Marlin BV, an unconditional mandatory offer for all the issued and outstanding shares of Fairstar Heavy Transport, at a price of NKr 9.30 per Fairstar share.

The offer period in the Mandatory Offer runs from and including 15 May 2012 to 17.30 hours (CET) on 12 June 2012, and may be extended by up to two weeks.

The offer price represents a premium of more than 22 per cent compared to the closing price of the Fairstar shares on Oslo BÝrs on 20 April 2012, which was the last trading day prior to the announcement of Dockwise's agreements to acquire approximately 54 per cent of the shares in Fairstar.

Pareto Project Finance and Pareto Securities are acting as financial advisors to Dockwise in relation to the Mandatory Offer, and Pareto Securities AS also acts as the receiving agent in relation thereto.

The complete terms of the Mandatory Offer are set out in an offer document dated 14 May 2012, approved by Oslo BÝrs, and which will be distributed to all shareholders in Fairstar with known addresses and that legally may receive such document and accept the Mandatory 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