Provider: Wright Reports
Transit Invest ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Reach Subsea ASA's Board Recommends Not To Accept Offer From Accello Partners I AS
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’s 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.
Latest Developments for Reach Subsea ASA
- Reach Subsea ASA Updates on Unconditional Mandatory Offer Made by Accello Partners I AS
- Reach Subsea ASA Appoints New Auditor
- Accello Partners I AS Launches Mandatory Offer for Acquisition of Shares in Reach Subsea ASA
- Transit Invest ASA Updates on Combination with Reach Subsea AS and Announces Registration of Share Capital Increase; Changes Name to Reach Subsea ASA
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