Broker Center sponsored links

Boskalis still eyes Smit unit, no super dividend

Mon Mar 10, 2008 10:11am EDT
 
Email | Print | | Reprints | Single Page
[-] Text [+]

AMSTERDAM, March 10 (Reuters) - Dutch dredging group Koninklijke Boskalis Westminster NV (BOSN.AS: Quote, Profile, Research, Stock Buzz) said on Monday it will not pay a super dividend after receiving a 167 million euro insurance payout that will boost results this year. Boskalis, the world's largest dredger, told ANP Reuters it would invest the proceeds and that it remained keen on acquiring the terminals division of Smit Internationale (SMTNc.AS: Quote, Profile, Research, Stock Buzz) together with Saudi group Rezayat.

Last month, the two parties made a joint cash offer of $300 million. Smit rejected the bid.

(Reporting by Joep Polderman)

 

Featured Broker sponsored link

Editor's Choice

  • Pictures
  • Video
  • Articles
Photo

A selection of our best photos from the past 24 hours.  View Slideshow 

Most Popular on Reuters

  • Articles
  • Video
  • Recommended