Stolt-Nielsen Limited Completes Open Market Partial Tender Offer
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