Bureau Veritas to Make Improved Offer for GL

Monday, December 11, 2006
Bureau Veritas is preparing an improved offer for presentation later this week to the shareholders of Germanischer Lloyd, as it pushes ahead with its plan to combine the strengths of the two societies to create a new global leader in ship classification, based in Hamburg. The original Bureau Veritas share acquisition offer was presented to Germanischer Lloyd shareholders on November 9, since which time other potential investors have reportedly declared an intention to acquire an interest in the Hamburg-headquartered classification society. But Bureau Veritas is confident that the revised terms of its new offer will be attractive to Germanischer Lloyd shareholders, while creating a long-term global market leader in maritime classification in Hamburg.

Bureau Veritas has written to the Germanischer Lloyd shareholders during the past week informing them that the offer submitted on November 9 is currently under review. Bureau Veritas will announce its revised offer in time for the Germanischer Lloyd shareholders' meeting scheduled for December 18 in Hamburg. Bureau Veritas is currently analyzing information on potential rival offers. According to media reports, a private investor in Hamburg wants to acquire up to 100 percent of Germanischer Lloyd.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Mount Whitney Makes History

USS Mount Whitney (LCC 20), the U.S. 6th Fleet flagship, made history today as the first amphibious command ship to have an MV-22B Osprey land on its flight deck, May 23, 2016.

This Day In Naval History - May 24

1917 - The first U.S. convoy left Hampton Roads, Va. to cross the North Atlantic after entering World War I. During the 18 months of war while American vessels escort convoys through the war zone,

HII Secures Aircraft Carrier Planning Contract

Huntington Ingalls Industries (HII) was awarded a $152 million contract for advance planning for the construction of the third aircraft carrier in the Gerald R.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1229 sec (8 req/sec)