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Published Wed, Sep 5, 2018 · 09:50 PM

Vard Holdings

FINCANTIERI Oil & Gas has extended the deadline on its buyout offer for Vard Holdings by two weeks, to 5.30pm on Sept 19. Fincantieri, which is offering S$0.25 per Vard share to take the shipbuilder private, currently has effective control over a 94.20 per cent stake in Vard. Once the buyout offer closes, Vard will enter into trading suspension. This is expected to take place with effect from Sept 20, 9am.

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