The following information is based on a press release from Sevan Marine ASA
(Sevan Marine) published on December 1, 2011 and may be subject to change.
Teekay Service Holdings Coöperatief U.A. has announced a public tender offer, to the shareholders of Sevan Marine whereby every one (1) share held entitles their holder to a cash payment of NOK 6.70.
If Sevan Marine, as a result of the offer, requests for a de-listing of the underlying share or if the trading in the same is considered to be insufficient to support related derivatives trading, NASDAQ OMX Derivatives Markets will (1) set a new expiration day for options and forwards contracts in Sevan Marine and (2) settle the contracts at Fair Value.
For further information, please see the attached file.
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=370845
Teekay Service Holdings Coöperatief U.A. has announced a public tender offer, to the shareholders of Sevan Marine whereby every one (1) share held entitles their holder to a cash payment of NOK 6.70.
If Sevan Marine, as a result of the offer, requests for a de-listing of the underlying share or if the trading in the same is considered to be insufficient to support related derivatives trading, NASDAQ OMX Derivatives Markets will (1) set a new expiration day for options and forwards contracts in Sevan Marine and (2) settle the contracts at Fair Value.
For further information, please see the attached file.
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=370845
© 2011 GlobeNewswire
