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Reach Subsea ASA's Board Recommends Not To Accept Offer From Accello Partners I AS


Wednesday, 19 Dec 2012 02:40am EST 

Reach Subsea ASA announced that its Board has unanimously concluded that it would recommend the shareholders in the Company not to accept the Offer for the Company's shares made by Accello Partners I AS. The Offer Price of NOK 1.60 per share corresponds to the subscription price per share in the Combination and the Private Placement, respectively. However, since the announcement of the Combination and Private Placement, the Company‚Äôs share has traded above the Offer Price on the Oslo Stock Exchange. Further, the Board believes that if the Company succeeds in realization of its business plan and growth strategy, it will in a long term perspective create significant value to its shareholders. 

Company Quote

3.4
0.0 +0.00%
19 Sep 2014