CMA CGM Intends Offer to Acquire NOL

May 30, 2016

Following the satisfaction and waiver (as the case may be) of the conditions set forth in the pre-conditional offer announcement dated 7 December 2015, CMA CGM S.A. (CMA CGM), announced its firm intention to make an all-cash voluntary conditional general offer (Offer) for all the outstanding shares of Neptune Orient Lines Limited (NOL), other than those it already owns, controls or has agreed to acquire. 
The Offer Price is SGD 1.30 in cash per NOL share, which CMA CGM does not intend to increase.
Further details of the Offer are set out in the Offer Announcement dated 30 May 2016, and will be set out in the Composite Document, which will comprise the Offer document and NOL's circular to its shareholders, to be despatched to NOL shareholders as soon as practicable following the date of the Offer Announcement.

Related News

Houthis Will Target All Ships Heading to Israel, Group Says US Says Warship Intercepted Houthi Missile, Merchant Vessel Untouched Hapag-Lloyd Raises Lower End of Outlook but Profit Falls Houthis Claim More Ship Attacks, Targetting US Warship and Merchant Vessel Containership Lost Power Several Times Before Striking Bridge in Baltimore