SINGAPORE (May 30): Global container shipping group CMA CGM has made a voluntary conditional general offer for Neptune Orient Lines (NOL) after satisfying all the necessary pre-conditions for the deal.

In the offer document filed on Monday evening, CMA CGM says it has no intention of raising the offer price, which stands at $1.30 per share, its Monday closing price.

The offer will become conditional once the number of received acceptances at the close of the offer plus the shares owned or agreed to be acquired by CMA CGM and parties acting in concert represent a number of shares in NOL carrying more than 50% of the voting rights.

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