Boskalis Reviewing Its Stake in Smit Lamnalco
Dutch dredging and marine services provider Royal Boskalis Westminster says it is reviewing its position in towage provider Smit Lamnalco. Boskalis has held a 50% stake in Smit Lamnalco since...
AMSTERDAM (Dow Jones)–Dutch dredging company Koninklijke Boskalis Westminster NV (BOKA.AE) has kept its offer for maritime services company Dockwise (DOCKW.AE) at EUR17.20 per share, or EUR682 million in total, a Boskalis spokesperson said Friday.
“We still see our offer as fair, given the premium of 61% compared to Dockwise’s closing price of 23 November”, the spokesperson said, reacting to Dockwise’s statement Thursday which said the offer is an undervaluation of the company.
Both parties will meet next week to discuss the offer.
-Patrick Buis and Robert van den Oever. (c) 2012 Dow Jones & Company, Inc.
Updated: December 11, 2012 (Originally published November 30, 2012)
Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up