MMA Offshore: A$2.60/Share Cash Offer From Seraya Partners

Mar 25, 2024

∙ Paid

Marine and subsea services provider MMA Offshore (MRM AU) has entered into a Scheme with Singapore's Cyan Renewables.
Cyan, wholly-owned by Seraya Partners, is offering A$2.60/share in cash, a 11% premium to last close and a 31% premium to the 90-day VWAP.
MMA shareholder approval and FIRB are the key conditions. This Offer will tentatively complete mid-late July.

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