Dockwise Ltd. has resolved to launch, through its wholly-owned subsidiary Dockwise White Marlin BV, an unconditional mandatory offer for all the issued and outstanding shares of Fairstar Heavy Transport NV at a price of NOK 9.30 per Fairstar share.
The offer period runs from 15 May 2012 to 17:30 hours (CET) on 12 June 2012, and may be extended by up to two weeks.
Premium of More than 22 Per Cent
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.
