Stolt-Nielsen Limited Completes Open Market Partial Tender Offer

Press Release
Friday, April 15, 2011

LONDON, April 12, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) completed its previously announced open market partial tender offer ("Offer") for SNL common shares with a total maximum value of $47 million.  SNL bought back 1,825,900 shares at a price of NOK 140 per share at a total cost of $46.8 million.  SNL now holds 6,285,530 shares, or 9.80%, of its common shares.  With the completion of the Offer the $50 million buy-back programme announced by SNL on November 19, 2010 is now accomplished.

Source: Stolt-Nielsen Limited

Categories: Finance

Related Stories

One of Three Russian Tankers Remains On Course for the US

Average Oil Exports From Iraq Rose in October

Visible Crude Loadings Halt, Iran’s Empty Tankers Remain Idle Since September

Current News

AskChief Opens Platform to Wider Marker After Surpassing 100-Vessel Milestone

Neoliner Origin: Wind Power Delivers 70% Fuel Savings, Tech Challenges Remain

Panama Canal to Name Terminal Bidders as Expansion Plans Advance

Somali Pirates Hijack Iranian Dhow, Marking Fourth Off Somalia in 2026

Subscribe for Maritime Logistics Professional E‑News