Smit rejects Boskalis takeover offer

Maritime services group Smit International has rejected a takeover bid by the dredging firm Boksalis, saying it undervalues the company.

Boksalis offered €1.1bn (€62.40 per share) for Smit on Monday.
Smit’s supervisory board has decided that talks with Boskalis are ‘not in the interests of the company’

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