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    Major shareholders bid for Miclyn Express Offshore

    Company News // September 9, 2013

    Miclyn Express Offshore Limited has received a conditional, indicative, non-binding proposal dated 5 September 2013 from its major shareholders, CHAMP Marlin Holdings Limited and SEA6 Limited and their respective affiliates to acquire all of the outstanding equity capital in the company not currently held by the offerors.

    It is currently contemplated that the acquisition will be effected by way of amalgamation under Bermuda law.

    The offerors currently own a combined 75.2 per cent of the outstanding shares in MIO.

     

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