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Dockwise Accepts Boskalis Merger Terms
Merger to expand both companies’ offshore energy work
Dockwise has approved Boskalis’ purchase offer, which means the two Netherlands-based companies will soon merge their transport and dredging businesses. The purchase price of EUR 18.50 (US$24.50) per share that Boskalis submitted on Feb. 8 has the unanimous support of the Dockwise board of directors.
A previous offer of EUR 17.20 (US$23.01) was rejected by Dockwise. The current and final offer has been accepted by 92.39 percent of the Dockwise shareholders, the companies said in a joint statement.
Through discussions, the two parties have agreed on merger details, including the future strategy and business of Dockwise, market synergies, the brand name of Dockwise and Fairstar, crewing and vessel management, sourcing, the head office of Dockwise and future corporate governance of Dockwise and Boskalis,
Dockwise CEO André Goedée will join the board of management of Boskalis following completion of the offer.
“The Dockwise team looks forward to becoming part of the Boskalis group and with minimal operational overlap between our companies,” Goedée said. “We foresee a swift integration.”