Court Reviewing Bourbon Takeover Bids

Maritime Activity Reports, Inc.

November 22, 2019

(Photo: Bourbon)

(Photo: Bourbon)

Takeover offers for the assets and activities of French offshore services company Bourbon will be reviewed by the Marseilles Commercial Court next month, Bourbon said in a a company update.

Four candidates have submitted an offer concerning assets and activities of BOURBON Corporation and/or BOURBON Maritime, Bourbon said.

As part of the reorganization proceedings opened since August 7, 2019 to the benefit of the holding BOURBON Corporation and its sub-holding BOURBON Maritime, the Marseilles Commercial Court  set November 20 as the date for submission of the two companies takeover offers.

The Commercial Court has set December 10, 2019 as the date for review of the takeover bids.

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