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    Rolls-Royce unveils recommended offer for ODIM

    News // March 1, 2010

    Rolls-Royce has announced that it has reached an agreement with the Board of ODIM ASA to launch a recommended cash offer for the 67 per cent of the share capital not already held by the Group.

    Under the terms of the agreement, Rolls-Royce will offer ODIM shareholders NKr 45 per share, representing a total consideration of approximately NKr 1.4 billon (circa £154 million), to be settled in cash from the Group’s existing resources.

    Rolls-Royce currently holds 15,545,634 ODIM ASA shares, comprising 33 per cent of the issued share capital acquired for NKr 45 per share in July 2009.

     

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