Australians try to buy out Miclyn Express Offshore

Kuala Lumpur: An Australian private equity syndicate has launched an A$150m takeover bid for offshore vessel operator Miclyn Express Offshore.

Champ Marlin Holdings and SEA6 Limited made an A$2.20 per share offer for the remaining 25%stake in the company. They already hold 75% of the Singapore headquartered company.

“The company anticipates providing a further update in approximately six weeks time, following completion of the offerors' due diligence and receipt of the independent financial adviser's findings,” Miclyn said in a statement.  [09/09/13]

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