Boskalis cash offer for Smit is rejected

Boskalis

Dutch dredging contractor Royal Boskalis Westminster NV has made a cash offer of EURO 62.50 per share for all outstanding shares of Smit Internationale NV. The offer values Smit at EURO 1.13 billion. The offer price implies a premium of approximately 30% relative to the closing price of EURO 48.19 ...

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