STX OSV advises shareholders to reject Fincantieri offer

Due to 'insufficient compelling reasons'.

According to OCBC Investment Research, the Board of STX OSV, following the advice of Independent Financial Adviser (IFA) Ernst & Young Corporate Finance, has recommended shareholders to reject the offer made by Fincantieri to acquire the remaining shares in STX OSV.

Here's more:

According to the IFA, the S$1.22 offer is not attractive and there are "generally insufficient compelling reasons to recommend the acceptance of the offer". This development was not surprising as we have always felt that the offer price was too low. We maintain our view that the offer will likely not succeed. We currently have a BUY rating with S$1.52 fair value estimate.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia