ABG Shipyard makes offer for Great Offshore at Rs 375 per share

2009 June 23

by Preeti

ABG Shipyard makes counter offer for Great Offshore at Rs 375 per share. Earlier, Bharati Shipyard’s open offer was at Rs 344 per share. ABG Shipyard will hold press conference at 11 AM today.
CNBC-TV18 had reported ABG’s intention to up stake in Great Offshore on June 1. ABG Shipyard holds 2.02% stake in Great Offshore while Bharati Shipyard holds 14.9% stake. ABG’s open offer is for 32.12% stake worth Rs 471 crore and is at 2% discount to CMP of Rs 383.

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DISCLAIMER : Stock trading involves high risk and one can lose Substantial amount of money.The recommendations made herein Do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will Not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only.

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ABG Shipyard makes offer for Great Offshore at Rs 375 per share

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