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Provider: Reuters Investment Profile

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Koninklijke Boskalis Westminster NV Makes Intended All-Cash Offer for All Shares in Dockwise Ltd

Sunday, 25 Nov 2012 07:00pm EST 

Koninklijke Boskalis Westminster NV (Boskalis) announced that it has placed an intended all-cash offer of EUR 17.20 per share for all issued and outstanding shares of Dockwise Ltd for a total consideration of EUR 682 million with an enterprise value of approximately EUR 1.2 billion. The main shareholder of Dockwise, HAL Investments B.V., has expressed its support for the transaction and has irrevocably committed to tender its shares in Dockwise under the intended offer. Therefore, 31.7% of the outstanding ordinary shares is already committed to the intended offer. Boskalis and Dockwise have had initial discussions with respect to the proposed transaction, in which Dockwise expressed a positive attitude towards the strategic rationale of the proposed business combination. 

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0.285 +0.66%
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