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Provider: Reuters Investment Profile
Provider: Wright Reports

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Sonata AS Announces Mandatory Offer for All Outstanding Shares in Belships ASA

Monday, 19 Aug 2013 02:36am EDT 

Belships ASA announced with reference to the announcement made by Sonata AS onJuly 30, 2013, regarding the mandatory offer obligation of Sonata following the rights issue in Belships ASA completed on July 30, 2013. Based on this obligation, Sonata hereby makes a mandatory offer (the Offer) to acquire all outstanding shares in the Belships. The offer document from Sonata has been approved by the Oslo Stock Exchange. The offer price is NOK 4.00 per share in Belships, which will be settled in cash. The offer period under the Offer is from and including August 19, 2013 to and including September 16, 2013 at 16:30 (CET) (subject to extension). In order for a shareholder to accept the Offer, the acceptance form found in the offer document must be fully and correctly completed, signed and received by the receiving agent before 16:30 (CET) on September 16, 2013. ABG Sundal Collier Norge ASA is acting as financial advisor and receiving agent for Sonata in relation to the Offer. Advokatfirmaet Thommessen AS is acting as legal advisor to Sonata in relation to the Offer. The offer document will be made public from August 19, 2013 and sent to shareholders in Belships ASA. 

Company Quote

-0.21 -4.77%
19 Dec 2014