Rolls-Royce announces £154M recommended offer for ODIM ASA
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Rolls-Royce, the global power systems company, today announced that it has reached an agreement with the Board of ODIM ASA to launch a recommended cash offer for the 67 per cent of the share capital not already held by the Group. Under the terms of the agreement, Rolls-Royce (the 'offeror') will offer ODIM ASA shareholders NOK 45 per share, representing a total consideration of approximately NOK 1.4bn (circa £154m), to be settled in cash from the Group's existing resources. Rolls-Royce currently holds 15,545,634 ODIM ASA shares, comprising 33 per cent of the issued share capital acquired for NOK 45 per share in July 2009
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Rolls-Royce announces £154M recommended offer for ODIM ASA
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