Equities
Hemen Holding Obtains Regulatory Approval on Offer Document for Northern Ocean
Northern Ocean (NOL.OL) said Tuesday the Norwegian Financial Supervisory Authority approved the document for Hemen Holding's mandatory takeover offer for shares not already owned in the company.The offer of 7.50 Norwegian kroner per share was triggered after Hemen's shareholding in the listed drilling contractor breached the 50% threshold. The acceptance period for the offer will open on Wednesday and close on Sept. 9.
$NOL.OL
