| Neptune Orient Lines (NOL) on Friday said the offer from France's CMA CGM is now wholly unconditional, after NOL's majority shareholder Temasek Holdings tendered all shares in the acceptance of the offer. This means the acceptance condition of the takeover has been met.
CMA CGM now owns 78.07 per cent of all NOL shares, and does not intend to preserve the listing status of NOL. It offered NOL shareholders the offer price of S$1.30 per share, in cash. Shares of NOL closed unchanged at S$1.30 on Thursday...............................................Full Article: Source
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