Boskalis: Our Offer is a Fair Valuation

Dow Jones
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November 30, 2012

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.

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