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You are here: Home Archive 2010 February Weekly Edition 4th February 2010 Boskalis offer prompts Smit resignation

Boskalis offer prompts Smit resignation

by Hailey, London last modified Feb 09, 2010 09:29 AM

A SMIT Internationale supervisory board member has stepped down from the Dutch maritime services company because he disagrees with the merger price offer from Boskalis, the Dutch dredging giant.

The departure of W Cordia comes a day after Boskalis and Smit signed a merger protocol, following Boskalis’ decision to increase its original November 2009 offer by 4.6%, now offering €60 (US$84) per share and a €2.75 dividend payment for...

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