Powered by

Recommended Cash Acquisition of Northern Offshore, Ltd.NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY RESTRICTED JURISDICTION

Jun 29, 2015 - PR Newswire
Mergers and Acquisitions

The boards of directors of Northern Offshore, Ltd. ("NOF" or the "Company") (OSE: NOF) and Shandong Offshore International Company Limited (the "Purchaser") are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of NOF by Shandong Offshore Company Limited ("Bidco"), a wholly owned subsidiary of the Purchaser (the "Acquisition"). The Acquisition will be implemented by way of an amalgamation (the "Amalgamation") under Bermuda law at an acquisition p...