Brief: Grindrod Shipping Holdings Announces Agreement With Taylor Maritime Investments

Grindrod Shipping Holdings

12/10/2022 07:14

Oct 12 (Reuters) - Grindrod Shipping Holdings Ltd
 GRIN.O :
    * GRINDROD SHIPPING HOLDINGS LTD. ANNOUNCES AGREEMENT WITH
TAYLOR
MARITIME INVESTMENTS LIMITED
    * GRINDROD - SHAREHOLDERS OF COMPANY WILL BE ENTITLED TO
RECEIVE
OFFER PRICE OF $21.00 IN CASH FOR EACH SHARE TENDERED IN OFFER
    * GRINDROD SHIPPING HOLDINGS LTD - AGREED TO DECLARE, PAY A
SPECIAL DIVIDEND OF US$5.00 PER SHARE TO GRINDROD SHAREHOLDERS
    * GRINDROD SHIPPING HOLDINGS LTD - DEAL VALUE OF $26.00 PER
SHARE
VALUING COMPANY AT ABOUT $506 MILLION ON A FULLY DILUTED BASIS

Source text for Eikon:  ID:nGNX3jkmxP 
Further company coverage:  GRIN.O 
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