STX plans mandatory offer for Aker Yards

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Aker YardsSouth Korea’s STX Shipbuilding made a surprise bid of up to $110m on Friday to buy more of Norwegian shipbuilder Aker Yards. 

In a statement issued after the close of the Oslo bourse, STX said it “intends to launch a mandatory offer for all shares outstanding in Aker Yards”. 

STX offered NKr63 per share for up to 7.9% of the shares in Aker Yards, which would raise...

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