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    Boskalis launches mandatory offer for Dockwise

    Company News // February 8, 2013

    Referring to earlier statement on the subject, in which Boskalis announced its decision to make a mandatory public offer for Dockwise, Boskalis has now announced the availability of the offer document in connection with the mandatory offer for all the issued and outstanding ordinary shares of Dockwise, at a price of Euros 18.50/NKr 137.65 per share cum dividend.

    The offer is being made through Boskalis' wholly owned subsidiary Boskalis Holding BV.

    In connection with the offer, HAL Investments BV, holding in aggregate 12,541,886 shares (representing approximately 31.6 per cent of the shares), Project Holland Deelnemingen BV, holding in aggregate 2,943,518 shares (representing approximately 7.4 per cent of the shares) and various funds ultimately controlled by Sankaty Advisors, LLC, holding in aggregate 4,416,359 Shares (representing approximately 11.1 per cent of the shares), have irrevocably undertaken to tender all their shares under the terms and conditions of the offer document.

    As of the date of the offer, Boskalis holds 16,722,812 shares representing approximately 42.19 per cent of Dockwise's shares.

    Together with the irrevocable commitments obtained from HAL Investments, Project Holland Deelnemingen and various funds ultimately controlled by Sankaty Advisors, LLC, this means that approximately 92.39 per cent of the shares in Dockwise have already been acquired or committed to Boskalis.


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