Boskalis Completes Acquisition of Dockwise

By MarEx 2013-04-23 11:08:00

Reference is made to the press release of 20 March 2013, whereby it was announced that Boskalis Holding B.V. (the Offeror), a wholly-owned subsidiary of Royal Boskalis Westminster N.V. (Boskalis), had initiated a compulsory acquisition of shares under Section 103 of the Bermuda Companies Act to acquire all remaining shares in Dockwise Ltd (Dockwise) not already held by the Offeror.

By the expiry of the statutory deadline of 22 April 2013, none of the remaining shareholders had made any application to the Supreme Court in Bermuda to appraise the value of the shares to be acquired by the Offeror. Accordingly, all remaining shares in Dockwise will be acquired by the Offeror on or about 26 April 2013 against payment of EUR 18.50 / NOK 137.65 in cash per Dockwise share. Following such acquisition, the Offeror will hold 100% of the shares in Dockwise.

The products and services herein described in this press release are not endorsed by The Maritime Executive.