June 12 - In the latest installment of the proposed Dockwise takeover of rival Fairstar Heavy Transport, the former has issued an alert remindng shareholders that the period for the former's Dockwise White Marlin unconditional mandatory offer for all the
The Dockwise statement advises that: "in order for a shareholder in Fairstar to validly accept the mandatory offer, a duly completed and signed acceptance form must be received by the receiving agent prior to 17:30 (CET) today."
In a statement last week, Philip J. Adkins, the chairman of Fairstar's Board and chief executive officer of the company revealed that he holds 220,000 shares in Fairstar, whilst director Willem Out holds 140,000 shares, adding that neither gentlemen will accept the mandatory offer as far as their own shares are concerned.
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