STX has launched a mandatory offer for all issued shares in Aker Yards ASA at a price of NKr 63 per share. The Aker Yards’ Board of Directors will now carefully evaluate the offer price and details and in cooperation with its advisors Arctic, JP Morgan and Wikborg Rein.
Aker Yards will move the presentation of its second quarter financial results forward to 8 August 2008 instead of 15 August, to provide shareholders with the most updated information on the company as a foundation for their evaluation of the offer from STX.
The board will no later than 8 August 2008 issue a statement in compliance with the Securities Trading Act section 6-16, in which the board will inform the shareholders of whether the board recommends the offer or not, as well as the reasons for the boards views. Meanwhile, the Board’s recommendation at this point is for the shareholders to await the Board’s comments and the second quarter financial statement, as this will provide the shareholders with the broadest possible information and foundation for their evaluation.
Source: https://www.akeryards.com/?page=580&xml=A/134984/PR/200807/1236952[Aker Yards]
Picture: STX main office (https://www.stx.co.kr/english/info/intro.asp[STX]
