Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Authority For The Financial Markets News

08 Apr 2022

HAL Making 'Good Progress' With Boskalis Takeover Offer

Boskalis heavy transportation vessel carrying an FPSO - Image Credit; Boskalis

HAL Holding, which on March 10 announced plans to launch a takeover offer for the Dutch marine services and dredging giant Boskalis' all remaining shares, said Thursday it was making good progress with the offer preparation.The company had said in March it planned to launch an all-cash voluntary public offer of €32.50 per share for all issued and outstandingordinary shares of Boskalis. HAL had 46.2% shares at the time of the announcement."HAL confirms that it is making good progress on the preparation of the Offer.

09 Jan 2013

Boskalis Says Funding in Place for Dockwise Acquisition

Boskalis states it has financing in place to make an all cash voluntary public offer for all ordinary shares of Dockwise. With reference to the press release of 21 December 2012 in which Boskalis announced its decision to make an all cash voluntary public offer for all the issued and outstanding ordinary shares of Dockwise at a price of EUR 18.50 per share cum dividend (the Offer), Boskalis hereby confirms that it has the necessary funds available to finance the Offer. The Offer values Dockwise at EUR 733 million with an enterprise value of approximately EUR 1.25 billion. Boskalis will finance the Offer and refinance existing facilities through a mix of existing cash resources, new senior debt facilities and an equity issuance.

26 Jan 2010

Smit, Boskalis Merger Protocol

Royal Boskalis Westminster N.V. (Boskalis) and Smit Internationale N.V. (Smit) announced that they have signed a merger protocol for a full merger of the two companies. The transaction will be effectuated through an all cash public offer of $84.5 ex dividend (instead of cum dividend as previously anticipated) by Boskalis for all outstanding shares in Smit. The business combination will create a world class maritime service provider offering a strong platform for further growth. The strategic rationale of the transaction was already supported by the Board of Management and Supervisory Board of both Boskalis and Smit. As previously indicated two large shareholders of Smit…