Takeover bid for heavy lifter turns acrimoniousTaken from: Offshore Support Journal July/August 2012
As of mid-June the eventual outcome of Dockwise’s fractious takeover deal for Fairstar was not clear, although Dockwise has steadily been amassing shares in its smaller rival.
On 15 May, Dockwise Ltd launched an unconditional, mandatory offer for Fairstar through its wholly-owned subsidiary Dockwise White Marlin, offering a price of NKr9.30 (US$1.56) per Fairstar share for all of the outstanding shares in the company. The offer period ran from 15 May 2012 to 12 June 2012, and was later ex....Please login to read the rest of this story
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