Superior Announces Tender Offer Per Share

Tuesday, April 02, 2002
Superior Navigation Ltd. announced that in its $5 per share tender offer for the American Depositary Shares and Ordinary Shares of Anangel-American Shipholdings Limited, 98.86 percent or 23,700,822 of the ADSs and Ordinary Shares had been tendered and purchased as of 12:00 midnight, New York City time, on Friday, March 29, 2002, the expiration time of the offer. Superior Navigation will provide a subsequent offering period of 20 business days, commencing immediately and expiring at 5:00 p.m. New York City time on Friday, April 26, 2002 for Anangel shareholders who have not yet tendered their shares. All shares properly tendered during the subsequent offering period will be accepted and paid for at the same $5.00 per share in cash. At the expiration of the subsequent offering period, Superior Navigation intends to delist Anangel's ADSs from the Nasdaq National Market and the Ordinary Shares from the Luxembourg Stock Exchange. In addition, Superior Navigation intends to terminate Anangel's registration as a reporting company under the Securities Exchange Act. Anangel will then no longer be required to make periodic reports to the Securities and Exchange Commission. Superior Navigation intends to effect a compulsory acquisition of the shares not tendered in the original or subsequent offering periods as soon as permitted by the laws of the Cayman Islands.
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

COSCO Delivers Bulker

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

Navy to Commission Submarine North Dakota

The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.

Finance

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

Ezra Bags $70m in Offshore Contracts

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division,

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.5078 sec (2 req/sec)