Singapore’s MTQ launches Neptune Marine Services takeover

 

Perth: Neptune Marine Services Limited announced yesterday they have received a takeover bid from Singapore’s Blossomvale Investments Pte. Ltd., a wholly owned subsidiary of MTQ Corporation Limited (MTQ).

Blossomvale's offer is to acquire all the shares of Neptune that is doesn't already own at a cash price of 3.2 cents per share and is conditional on MTQ shareholder approval.

Neptune’s primary focus is the offshore oil and gas sector where it offers a range of subsea services. [01/11/12]

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