Dockwise Ltd : Dockwise launches mandatory offer for all the issued and outstanding shares in Fairstar
(Thomson Reuters ONE) -
Breda, the Netherlands, 15 May 2012. Dockwise Ltd. ("Dockwise" or the
"Company") has resolved to launch, through its wholly-owned subsidiary Dockwise
White Marlin B.V., an unconditional mandatory offer for all the issued and
outstanding shares of Fairstar Heavy Transport N.V. ("Fairstar") at a price of
NOK 9.30 per Fairstar share (the "Mandatory Offer").
The offer period in the Mandatory Offer runs from and including 15 May 2012 to
17:30 hours (CET) on 12 June 2012, and may be extended by up to two weeks.
The offer price is NOK 9.30 per Fairstar share, which represents a premium of
more than 22 per cent compared to the closing price of the Fairstar shares on
Oslo Børs on 20 April 2012, which was the last trading day prior to the
announcement of Dockwise's agreements to acquire approximately 54 per cent of
the shares in Fairstar.
Pareto Project Finance AS and Pareto Securities AS act as financial advisors to
Dockwise in relation to the Mandatory Offer, and Pareto Securities AS also acts
as the receiving agent in relation thereto.
The complete terms of the Mandatory Offer are set out in an offer document dated
14 May 2012, approved by Oslo Børs, and which will be distributed to all
shareholders in Fairstar with known addresses and that legally may receive such
document and accept the Mandatory Offer.
The offer document is also available free of charge at the website of Dockwise
Ltd. (www.dockwise.com), the website of the receiving agent (www.pareto.no) and
at the office of the receiving agent (Address: Pareto Securities AS, Dronning
Mauds gate 3, P.O. Box 1411 Vika, 0115 Oslo, Norway, Tel: +47 22 87 87 00).
For further information please contact:
Fons van Lith fons.van.lith(at)dockwise.com
Tel : +31 (0)6 51 314 952 or +31 (0)76 5484116
About Dockwise Ltd/Dockwise Group
Dockwise Ltd., a Bermuda incorporated company, has a workforce of more than
1200 people both offshore and onshore. The Company is the leading marine
contractor providing total transport services to the offshore, onshore and
yachting industries as well as installation services of extremely heavy offshore
platforms. The Group is headquartered in Breda, the Netherlands. The Group's
main commercial offices are located in The Netherlands, the United States and
China with sales offices in Korea, Australia, Brazil, Russia, Singapore,
Malaysia, Mexico, Nigeria, Saudi Arabia and the United Arab Emirates. The
Dockwise Shipping network is supported by a global network of agents. The
Dockwise Yacht Transport business unit is headquartered in Fort Lauderdale and
has an office in Genoa, Italy.
To support all of its services to customers, the group also has three additional
engineering centers in Houston, Breda and Shanghai, manufactures specific motion
reduction equipment such as LMU (Leg Mating Units) and DMU (Deck Mating Units)
and operates a fleet of 19 purpose built, semi-submersible vessels.
Dockwise shares are listed on the Oslo Stock Exchange under ticker DOCK and on
NYSE Euronext Amsterdam under ticker DOCKW.
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: Dockwise Ltd via Thomson Reuters ONE
[HUG#1612129]
Unternehmensinformation / Kurzprofil:
Datum: 15.05.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 146395
Anzahl Zeichen: 4068
contact information:
Town:
Breda
Kategorie:
Business News
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"Dockwise Ltd : Dockwise launches mandatory offer for all the issued and outstanding shares in Fairstar"
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