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]