Hanwha Group raises bid for Singapore's Dyna-Mac to S$790.6m, offering S$0.67 per share, a 35.4% premium.

Hanwha Group has increased its bid for Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million) with an offer of S$0.67 per share, a 35.4% premium to its previous price. This comes after the estate of Dyna-Mac's founder found the earlier offer of S$0.60 unattractive. If accepted, the acquisition will grant Hanwha access to key manufacturing facilities and vessels. The offer closes on November 6, 2024.

October 14, 2024
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