A.P. Møller Makes All Cash Offer to Acquire Svitzer Group
A.P. Møller Holding, through its subsidiary APMH Invest, has made a cash offer to acquire all issued shares of Svitzer Group. The offer values Svitzer at $1.3 billion, representing a 31.7% premium. APMH believes private ownership will support Svitzer’s growth. The offer has been recommended by the Svitzer Board of Directors.