Search results for: undervalue

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A list of search results

  • 11 December 2018
    Business & Finance

    Goldilocks, a UAE-incorporated fund, has acquired an 18.3% stake in Gulf Navigation.

  • 13 April 2015
    Business & Finance

    Shareholders of the dry bulk shipping company Baltic Trading Ltd. are not receiving the maximum value for their shares through a merger agreement with Genco Shipping & Trading Ltd., according to a national securities and shareholder rights law firm Tripp Levy PLLC. Tripp Levy, is investigating the last week’s stock-for-stock acquisition agreement on behalf of Baltic’s shareholders, […]

  • 6 July 2011

    Petronet LNG is looking undervalued, says Jigar Shah, Sr VP and HOR of Kimeng Sec India… Moneycontrol [mappress] Source: Moneycontrol, July 6, 2011;

  • 3 January 2019
    Business & Finance

    Oil company DNO has extended the deadline for Faroe Petroleum shareholders to accept its 152 pence a share takeover bid, giving them time until mid-January. DNO said on Thursday it had increased its holding to 30 percent of Faroe’s shares. It said its 152 pence offer for each Faroe share was now a mandatory offer […]

  • 3 March 2017

    Australian LNG engineering company WorleyParsons clarified the recent acquisition of the company’s shares by Dar Al-Handasah Consultants Shair and Partners Holdings (Dar Group).

  • 3 February 2010
    Business & Finance

    AMSTERDAM–Some shareholders of Smit Internationale NV (SMIT.AE) Wednesday said a revised takeover offer from Royal Boskalis NV (BOKA.AE) that has been recommended by Smit’s board and management still undervalued the Dutch maritime service provider, continuing a split that has caused one Smit board member to stand down. Source: The Wall Street Journal, February 3, 2010

  • 8 May 2017
    Business & Finance

    Crude oil tanker owner DHT Holdings has once again said no to Frontline, as its Board of Directors unanimously rejected the proposal, submitted on April 25, to acquire all of the outstanding shares of common stock of DHT at a ratio of 0.8 Frontline shares for each DHT share. In a letter to Robert Hvide Macleod, Principal […]

  • 21 April 2015
    Business & Finance

    New York based law firm Levi & Korsinsky, LLP said on Monday that it has commenced a lawsuit class action in New York Supreme Court challenging the fairness of the sale of dry bulk specialist Baltic Trading Limited to Genco Shipping & Trading Limited. Genco and its subsidiary Baltic Trading entered into a definitive merger agreement […]

  • 3 March 2017
    Business & Finance

    WorleyParsons has sought to clarify intentions of the Dubai-based consulting company Dar Group, which is now a shareholder at WorleyParsons, related to its shareholding.  WorleyParsons referred on Friday to the substantial shareholding notice lodged by Dar Al-Handasah Consultants Shair and Partners Holdings (Dar Group) on March 1, 2017, that it had acquired a total economic exposure […]

  • 27 November 2018
    Business & Finance

    Following an unsolicited takeover offer launched by DNO, oil company Faroe Petroleum has said that DNO’s opportunistic offer undervalues the company and fails to value Faroe’s prospects as an independent business, urging its shareholders to reject it.

  • 8 December 2015

    Australia’s energy company Woodside has withdrawn its offer for Oil Search takeover. Woodside on Tuesday said it had informed the Oil Search Board of the withdrawal of its proposal to merge the businesses. On September 3, 2015, Woodside provided Oil Search with a proposal to merge Woodside and Oil Search through a scheme of arrangement. […]

  • 30 November 2012

    Immediately following announcement of the unsolicited intended offer of Royal Boskalis Westminster N.V.  for the acquisition of all outstanding shares of Dockwise Ltd. (”Dockwise”), Dockwise invited Boskalis to clarify its offer. Dockwise and Boskalis are scheduling a meeting to be held shortly. In the meantime the Board of Directors of Dockwise has – together with […]

  • 17 December 2015

    Australian LNG-player Woodside on Thursday revealed its expenditure for the calendar year will be US$170 million lower than initially estimated in February.

  • 21 December 2018
    Business & Finance

    Norwegian oil and gas operator DNO ASA has increased its stake in oil and gas explorer Faroe Petroleum despite the latter’s objections to the former’s hostile takeover bid.  Before the latest acquisition announced on Thursday, DNO owned a 28.22 percent in Faroe Petroleum. In a statement on Thursday DNO said it had acquired 6,246,152 shares in […]

  • 8 December 2015

    Australian LNG player Woodside has withdrawn its proposal to merge with Oil Search of Papua New Guinea. Woodside has in September approached Oil Search with an A$11.6 billion ($8 billion) all-share takeover plan. However, Oil Search, which has a 29 percent stake in the US$19 billion PNG LNG project, rejected the offer saying it was “highly opportunistic […]

  • 9 September 2015

    Brisbane-based Armour Energy on Wednesday advised its shareholders to reject a takeover offer by CSG producer Westside Corporation. “The Board of Armour unanimously recommends that shareholders reject the opportunistic and inadequate Westside offer as it significantly undervalues the company both in terms of its existing assets, and the potential value the company expects to deliver […]

  • 12 December 2018

    Oslo-listed DNO ASA is adamant in its intention to fully take over Faroe Petroleum, despite the Faroe board being against it.

  • 14 January 2019

    London-based Ophir Energy said the company’s board decided to reject the possible offer to be made by Medco Energi. 

  • 12 December 2018
    Business & Finance

    Oil company Faroe Petroleum has again urged shareholders to ignore the unsolicited takeover offer by DNO, saying the 152p a share offer was opportunistic and undervaluing Faroe.

  • 28 January 2019

    London-based Ophir Energy has requested an extension of the deadline for Medco Global, a unit of Medco Energi, to submit its takeover bid. 

  • 16 April 2018
    Business & Finance

    Norwegian oil and gas operator DNO ASA has further increased its stake in UK-based Faroe Petroleum.

  • 17 November 2014
    Business & Finance

    New York-based national securities firm Faruqi & Faruqi said it is investigating the Board of Directors of Horizon Lines, Inc., for potential breaches of fiduciary duties in connection with the sale of the company to Matson, Inc. Juan E. Monteverde, a partner at Faruqi & Faruqi, will focus the investigation on whether Horizon’s Board of […]