Dockwise: Boskalis’ Offer Still Not Good Enough

Dutch heavy lift and transportation specialist Dockwise Ltd said today it has taken notice of this morning’s release on the agreement between Boskalis Westminster NV (“Boskalis”) and Project Holland Fonds whereby the latter has committed to sell their shares in Dockwise for a price of Euro 18 per share.

“Dockwise is encouraged by the increase in price by 5% from Euro 17.20 to Euro 18 per share but is of the opinion that this increased price does still not sufficiently reflect the value of Dockwise ltd,” the company said in a press release.

Dockwise also added it would continue the dialogue with Boskalis on the conditions of the intended offer including their request for due diligence.

Related:

Boskalis Increases Dockwise Offer (The Netherlands)

Dockwise: Boskalis’ Offer Too Low

Boskalis Becomes Largest Shareholder in Dockwise (The Netherlands)

Boskalis Ups Stake in Dockwise to 29 Pct (The Netherlands)

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Offshore Energy Today Staff, December 17, 2012