Royal Boskalis Westminster confirms a public offer for all the issued and outstanding ordinary shares in the issued share capital of Smit Internationale. This follows the earlier announcement of 15 September.
Boskalis believes the proposed transaction provides ample prospects for further development and growth of the combined businesses. Therefore, Boskalis will continue to pursue a transaction that is fully supported and recommended by the Board of Directors and Supervisory Directors of Smit.
In the coming weeks, Boskalis will further analyse and evaluate all aspects of the transaction – including developments on the markets where Smit is active and stock market developments – with a view to determining the final content and structure of the Offer.
On the basis of Section 7, paragraph 3 of the Dutch Decree on Public Takeover Bids (Besluit openbare biedingen Wft), Boskalis confirms it will submit a request for approval of the offering memorandum to the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) before 8 December.
