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Yinson Production completes voluntary offer for shares in Fred Olsen Energy


Friday, 20 Dec 2013 04:27am EST 

Fred Olsen Energy ASA (FOP):Says Yinson Production Limited's voluntary tender offer to acquire all outstanding shares in the company has been completed.Says following the settlement, the offeror owns 102,823,421 shares, equaling 97.1 percent of the outstanding shares and votes in FOP.Says the offeror intends to initiate a compulsory acquisition of the remaining shares in the company not owned by the offeror.Says it is expected that a compulsory acquisition of the remaining shares will be effectuated mid-Jan. 2014.Says Arctic Securities ASA acts as Receiving Agent in respect of the offer, and Financial Advisor to the offeror. 

Company Quote

145.2
-6.2 -4.10%
22 Aug 2014