Koninklijke Boskalis Westminster NV: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Dockwise Ltd Provides Further Details on Mandatory Offer Made by Koninklijke Boskalis Westminster NV's Boskalis Holding B.V.
Dockwise Ltd (Dockwise) announced that with reference to the press release of December 21, 2012 in which Koninklijke Boskalis Westminster NV (Boskalis) announced its decision to make an all cash voluntary public offer for Dockwise, Boskalis has now resolved to make a mandatory offer for all the issued and outstanding ordinary shares of Dockwise (Shares) at a price of EUR 18.50 per Share cum dividend (Offer). As per the date of this announcement, the offer price per Share equals NOK 137. The Offer is being made through Boskalis' wholly owned subsidiary Boskalis Holding B.V. On January 30, 2013, Boskalis acquired 2,016,030 Shares. The Shares were purchased at an average price of EUR 18.50 with a maximum price of EUR 18.50, which equals NOK 137. Boskalis now holds approximately 38.39% of the Shares, as a result of which the mandatory offer obligation pursuant to Section six-one of the Norwegian Securities Trading Act is triggered. Together with the irrevocable commitments obtained by Boskalis in connection with the Offer, approximately 88.59% of the Shares is already acquired by, or committed to, the Offer. Boskalis has resolved all relevant outstanding conditions making the launch of the mandatory offer possible. Boskalis has completed its due diligence of Dockwise, raised EUR 320 million equity and secured EUR 1.3 billion of committed financing arrangements, progressed the relevant antitrust filings and has obtained a positive advice from the relevant works council.
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