Wednesday, December 16, 2009

Cash Offer for Chemoil (AV5)


A pre-conditional takeover offer by Glencore International

Chemoil Energy Limited and its subsidiaries are mainly global traders in marine fuel products. The Company operates in ports, such as Long Beach, Houston, New Orleans, New York, Panama, Rotterdam, Fujairah and Singapore. As of December 31, 2008, it was organized into three segments: retail, which is engaged in the sales of physical supplies of marine fuel and related products; cargo, which is engaged in the sales of marine fuel and related products, such as the components of marine fuel used to blend into marine fuel, to customers such as traders, physical suppliers and resellers, and ex-wharf, which is engaged in sales of marine fuel to customers, such as resellers or distributors that accept delivery at its service centers and resell and deliver the product.


The transaction for the Chandran’s portion of the stock must be completed within two business days of Feb. 28, according to the purchase document. What confused me is that the offer price is much lower than the latest stock price.

References:

  1. Chemoil Holding Announcement
  2. Bloomberg - Glencore Buys 50.8% Stake in Chemoil for $233 Million

Related Posts by Categories

1 comment:

KISAH SUKSES IBU HERAWATI said...

I want to share the story to you that I am HERAWATI MOTHER a TKW from malaysia and accidentally I open internet and I see DARNA MOTHER comment from singapur about AKI SYHE MAULANA who has helped him become successful and finally I also tried to contact him and alhamdulillah he Want to help me to give the number Togel toto 4D dr ritual results / unseen and alhamdulillah it really proved translucent and won RM.230.000 Ringgit, now I am back indon buying house and train although sy Just a housemaid at selangor malaysia, sy very thankful To AKI SYHE MAULANA and do not forget to give thanks to ALLAH because through AKI MAULANA I also can be as successful as this.So kawan2 who in distress jg ever break down, when it's time god must be the road of origin you want to try, this is the true story of a migrant worker, AKI MAULANA is a famous spiritual teacher in Indonesia. If you want to like me visit the website CLICK HERE RITUAL GHAIB TEMBUS LOTTREY