Stolt-Nielsen Limited Completes Open Market Partial Tender Offer
(Thomson Reuters ONE) -
LONDON, April 12, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) today completed
its previously announced open market partial tender offer ("Offer") for SNL
common shares with a total maximum value of $47 million. SNL bought back
1,825,900 shares at a price of NOK 140 per share at a total cost of $46.8
million. SNL now holds 6,285,530 shares, or 9.80%, of its common shares. With
the completion of the Offer the $50 million buy-back programme announced by SNL
on November 19, 2010 is now accomplished.
For additional information please contact:
Jan Chr. Engelhardtsen
Chief Financial Officer
UK +44 (0) 20 7611 8972
j.engelhardtsen(at)stolt.com
Jens F. Grüner-Hegge
V.P. Corporate Finance
UK +44 (0) 20 7611 8985
j.gruner-hegge(at)stolt.com
About Stolt-Nielsen Limited
Stolt-Nielsen Limited (SNL or the "Company") is a leading global provider of
integrated transportation solutions for bulk liquid chemicals, edible oils,
acids, and other specialty liquids through its three largest business divisions,
Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers. Stolt Sea Farm
produces and markets high quality turbot, sole, sturgeon, and caviar. Stolt-
Nielsen Gas transports liquefied petroleum gas (LPG) with its fleet of very
large gas carriers (VLGCs). Stolt-Nielsen Limited is listed on the Oslo Stock
Exchange.
Forward-Looking Statements
This press release contains "forward-looking statements" based on information
available to the Company on the date hereof, and the Company assumes no
obligation to update any such forward-looking statement. These statements may
be identified by the use of words like "anticipate," "believe," "estimate,"
"expect," "intend," "may," "plan," "project," "will," "should," "seek," and
similar expressions. The forward-looking statements reflect the Company's
current views and assumptions and are subject to risks and uncertainties. The
Company does not represent or warrant that the Company's actual future results,
performance or achievements will be as discussed in the those statements, and
assumes no obligation to, and does not intend to, update any of those forward-
looking statements other than as may be required by applicable law.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Stolt-Nielsen Limited via Thomson Reuters ONE
[HUG#1505780]
Unternehmensinformation / Kurzprofil:
Datum: 12.04.2011 - 23:39 Uhr
Sprache: Deutsch
News-ID 53445
Anzahl Zeichen: 3242
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 193 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Stolt-Nielsen Limited Completes Open Market Partial Tender Offer"
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Stolt-Nielsen Limited (Nachricht senden)
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