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DBS recommends Vard shareholders accept the offer

Gwyneth Yeo Published on Mon, Nov 14, 2016 / 5:36 PM GMT+8

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SINGAPORE (Nov 14): Fincantieri S.p.A., the 55.6% shareholder of Vard Holdings, has announced a voluntary conditional cash offer for the remaining shares in Vard at 24 cents, and DBS Group Research recommends shareholders accept the offer.

(See also: Vard gets 24 cents/share privatisation offer from Fincantieri)

(See also: Vard’s 3Q losses narrow to $13.5 mil on loss provisions)

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