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Provider: Reuters Investment Profile
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Provider: Wright Reports
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Belships ASA's Board of Directors Recommends Not To Accept Sonata AS's Offer


Tuesday, 20 Aug 2013 02:44am EDT 

Belships ASA announced that its Board of Directors has decided to unanimously recommend Belships' shareholders not to accept the offer from Sonata. The offer price of NOK 4.00 per share is at a significant discount to the reported book value per share (adjusted for share issue in July 2013) of NOK 8,70 as of June 30, 2013. In the opinion of the Board the Offer Price does not fairly reflect the underlying values in the Company. 

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1 Sep 2014