Offshore Shipping Online

A publication for the offshore shipping industry published by Clarkson Research

  • Offshore Intelligence Monthly
  • Menu

    Boskalis makes mandatory offer for Dockwise

    News // January 31, 2013

    Dutch dredging and marine contractor Boskalis has announced that it has resolved to make a mandatory offer for all the issued and outstanding ordinary shares of semi-submersible heavy lift vessel operator Dockwise at a price of Euros 18.50 per share cum dividend.

    As of the date of the announcement, the offer price per share was NKr 137. The offer is being made through Boskalis' wholly owned subsidiary Boskalis Holding BV.

    On January 30th, Boskalis acquired 2,016,030 shares, purchased at an average price of Euros 18.50, which equals NKr 137.

    Boskalis now holds approximately 38.39 per cent of the shares, as a result of which the mandatory offer obligation pursuant to Section 6-1 of the Norwegian Securities Trading Act has been triggered.

    Together with the irrevocable commitments obtained by Boskalis in connection with the offer, approximately 88.59 per cent of the shares have already been acquired by, or committed to, the offer.

     

     

    More articles from this category

    More news