ADVFN - Advanced Financial Network.
HOME» NYSE » C » HOO Stock Price » HOO Stock News

Cascal Nv Share News

 Cascal Nv Stock Price
HOO Stock Price
 Cascal Nv Stock Chart
HOO Stock Chart
 Cascal Nv Stock News
HOO Stock News
 Cascal Nv Company Information
HOO Company Information
 Cascal Nv Stock Trades
HOO Stock Trades

Sembcorp Industries Unit Launches Offer To Buy Cascal Shares

SINGAPORE -(Dow Jones)- Sembcorp Industries Ltd. (U96.SG) said Friday its unit Sembcorp Utilities Pte Ltd. has launched a tender offer to buy all shares of New York-listed waste water company Cascal N.V. (HOO). Sembcorp Utilities will pay US$6.75 a share to Cascal's holders if at least 80% of the shares are offered by June 21. If a lesser number of shares are offered, it will pay US$6.40 apiece, Sembcorp said in a statement. The move follows a clearance this week from a U.S. court to the Singapore-based utility to buy Cascal, setting aside objections of the American company. In April, Sembcorp Utilities offered to buy Cascal for US$206 million. The offer came after Cascal's majority shareholder Biwater Investments Ltd. agreed to sell its 58.4% stake to Sembcorp Utilities. But Cascal's board rejected the offer saying it was "unacceptable and coercive." Cascal filed a lawsuit, claiming the Singapore company violated U.S. Securities laws and breached confidentiality agreements. The lawsuit sought injunctive relief and recovery of damages. -Gaurav Raghuvanshi; Dow Jones Newswires; +65 64154 154; gaurav.raghuvanshi@dowjones.com

Stock News for Cascal Nv (HOO)
DateTimeHeadline
06/01/201013:26:04Cascal Recommends Shareholders Reject Sembcorp Tender Offer
05/21/201007:56:31Sembcorp Industries Unit Launches Offer To Buy Cascal Shares
05/11/201021:05:20Sembcorp Industries: To Its File Defense In US Court On Cascal...

Cascal Nv and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad