Dredging group Boskalis bids to take over Dockwise

Dredging group Boskalis has made a €682m bid to take over maritime services group Dockwise.

Boskalis is offering €17.20 in cash for Dockwise, a 60% premium over Friday’s closing share price.
The bid has not yet been given the backing of the Dockwise board but is supported by investment group HAL, which owns almost 32% of Dockwise shares. HAL is also a major investor in Boskalis.
By Monday afternoon, Boskalis had been tendered around four million (10%) of the shares outstanding, the company said in a statement.
‘Boskalis has invited Dockwise to meet at short notice with a view to further discuss the proposed offer in order to come to a transaction that is supported and recommended by the board of directors of Dockwise,’ the statement said.