STX Acquires AKY Shares

Monday, June 23, 2008

Aker Yards' board of directors has received confirmation for STX' acquisition of 1 318 350 shares for NOK 63 per share, after STX announced an initiative to purchase further AKY shares in the afternoon of Friday, June 20. From before, STX held 39.2 percent of the shares in Aker Yards. As the acquisition triggers a mandatory offer from STX for all remaining Aker Yards shares, the board of directors expects STX to reflect the fair value of the company, including an appropriate control premium, in their offer.

The board of directors will review the mandatory offer document when available and give a recommendation to the shareholders as to the financial fairness of the offer. Arctic Securities and JP Morgan are advising Aker Yards.

Maritime Today


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

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

Finance

Baltic Index Rises on Increased Demand Across Segments

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday on higher demand across all vessel segments.

PALFINGER Finalizes Harding Acquisition

The PALFINGER Group closed the acquisition of 100 percent of the shares in Herkules Harding Holding AS, i.e. the globally operating Harding Group, supplier of lifesaving

Beijing Slams South China Sea Court Proceedings

Permanent Court of Arbitration ruling set for July 12. An international court said it would deliver a hotly anticipated ruling in the Philippines' case against

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.0544 sec (18 req/sec)