Dutch company Royal Boskalis Westminster will hold an extraordinary general meeting (EGM) of shareholders on Wednesday 24 August to discuss a takeover offer for the company by HAL Holding.
The meeting will be at 10.30 local time in Papendrecht in accordance with the provisions of the Dutch Decree on Public Takeover Bids.
The all-cash public offer made on 24 June is at an offer price of €32.50 per share, adjusted to €32.00 for the €0.50 cash dividend paid in May by Boskalis.
The offer price, prior to adjustment, represents a premium of 28% to both the pre-announcement closing price and three-month VWAP, Boskalis said.
The acceptance period runs from 27 June to 2 September, with the completion expected in the third quarter of 2022.
The Boskalis boards unanimously resolved to support and cooperate with the implementation of the offer, the company said.
It added that the Boskalis boards present the offer to the Boskalis shareholders with a neutral view on the offer price.