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Eneti Inc. and Cadeler A/S Share Exhange Offer Expiration Date is December 14, 2023

Retrieved on:

Mardi, décembre 12, 2023

CADLR, Wind, Telephone number (mathematics), Security (finance)

MONACO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti”) and Cadeler A/S (OSE: CADLR) (“Cadeler”), two offshore wind turbine and foundation installation companies, remind shareholders that the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti has been extended to 5:30 p.m. Eastern Time on December 14, 2023.

Key Points:

MONACO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti”) and Cadeler A/S (OSE: CADLR) (“Cadeler”), two offshore wind turbine and foundation installation companies, remind shareholders that the expiration date for the share exchange offer (the “Share Exchange Offer”) to acquire all of the issued and outstanding shares of the common stock of Eneti has been extended to 5:30 p.m. Eastern Time on December 14, 2023.
Shareholders that have previously tendered their shares do not need to take any action in response to the extension of the Share Exchange Offer.
King & Co., Inc., the information agent for the Share Exchange Offer, at +1 (800) 967-4607 (Toll Free), +1 (212) 269‑5550 (US/Canada), or by e-mail at: [email protected].
Assuming that the conditions to the Share Exchange Offer are satisfied or waived, Cadeler expects that settlement will be completed on or about December 19, 2023.

Cadeler A/S and Eneti Inc. Announce Extension of Share Exchange Offer for all Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 & New Loan Facility

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Vendredi, décembre 8, 2023

Chase Bank, Telephone number (mathematics), Conditional entropy, Wind, Crédit Agricole, JPMorgan Chase, Rabobank, CADLR, OCBC, Common, Standard Chartered, American depositary receipt, Danske Bank, Senior, Security (finance)

In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange, dated November 7, 2023 (the “Prospectus/Offer to Exchange”) to reduce the minimum tender condition for the Share Exchange Offer from 85.01% to 70%.

Key Points:

In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange, dated November 7, 2023 (the “Prospectus/Offer to Exchange”) to reduce the minimum tender condition for the Share Exchange Offer from 85.01% to 70%.
Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to the extension of the Share Exchange Offer.
Assuming that the conditions to the Share Exchange Offer are satisfied or waived, Cadeler expects that settlement will be completed on or about December 19, 2023.
The following indicative timetable is subject to Cadeler’s right to extend, re-open, amend, limit, terminate or withdraw the Share Exchange Offer, subject to applicable law.

Cadeler A/S and Eneti Inc. Announce Extension of the Share Exchange Offer for All Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 and New Loan Facility

Retrieved on:

Vendredi, décembre 8, 2023

Chase Bank, Telephone number (mathematics), Conditional entropy, Wind, JPMorgan Chase, CADLR, Common, American depositary receipt, Security (finance)

In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange, dated November 7, 2023 (the “Prospectus/Offer to Exchange”) to reduce the minimum tender condition for the Share Exchange Offer from 85.01% to 70%.

Key Points:

In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange, dated November 7, 2023 (the “Prospectus/Offer to Exchange”) to reduce the minimum tender condition for the Share Exchange Offer from 85.01% to 70%.
In addition, Cadeler has determined pursuant to the terms of the Share Exchange Offer as set forth in the Prospectus/Offer to Exchange to reduce the minimum tender condition for the Offer from 85.01% to 70%.
Holders that have previously tendered their shares do not need to re-tender their shares or take any other action in response to the extension of the Share Exchange Offer.
Assuming that the conditions to the Share Exchange Offer are satisfied or waived, Cadeler expects that settlement will be completed on or about December 19, 2023.

Cadeler A/S and Eneti Inc. Announce Launch of Share Exchange Offer for All of The Outstanding Shares of Common Stock of Eneti Inc.

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Mardi, novembre 7, 2023

MONACO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announce the commencement of a share exchange offer (the “Offer”) for all of the outstanding shares of common stock of Eneti.

Key Points:

MONACO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Cadeler A/S (OSE: CADLR) (“Cadeler”) and Eneti Inc. (NYSE: NETI) (“Eneti”), two offshore wind turbine and foundation installation companies, announce the commencement of a share exchange offer (the “Offer”) for all of the outstanding shares of common stock of Eneti.
The combined group will be named Cadeler, and be headquartered in Copenhagen, Denmark, with its shares to be listed on the New York Stock Exchange in addition to its current listing on the Oslo Stock Exchange.
The current CEO of Cadeler Mikkel Gleerup will continue as CEO after the combination, while Peter Brogaard Hansen will continue as CFO.
Mr. Andreas Sohmen-Pao, Chairman of Cadeler said: “This is a strategic transaction combining two leading offshore wind companies.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Conformis, Inc. (Nasdaq – CFMS), Eneti Inc. (NYSE – NETI), Franchise Group, Inc. (Nasdaq – FRG), NexTier Oilfield Solutions Inc. (NYSE – NEX)

Retrieved on:

Lundi, juin 26, 2023

Partnership, Aquarius conformis, Franchise Group, Patterson-UTI, Henry Cadell, Brodsky, NexTier Bank, Tripura Merger Agreement, CADLR, PTEN, Exchange offer, OSE, Security (finance), Eneti

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points:

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
For example, the deal consideration is below the 52-week high of $9.85 for the Company’s shares.
Following the completion of the Exchange Offer, Cadeler and Eneti shareholders will own approximately 60% and 40% of the combined company, respectively.
NexTier shareholders will receive 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock owned.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Eneti Inc. (NYSE – NETI), Franchise Group, Inc. (Nasdaq – FRG), Tessco Technologies Incorporated (Nasdaq - TESS), NexTier Oilfield Solutions Inc. (NYSE – NEX)

Retrieved on:

Mardi, juin 20, 2023

Partnership, Franchise Group, Patterson-UTI, Thomas Cadell (publisher), Brodsky, NexTier Bank, Tripura Merger Agreement, CADLR, PTEN, Lee Equity Partners, Exchange offer, OSE, Security (finance), Eneti

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points:

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
Under the terms of the agreement, Eneti will merge with Cadeler A/S (“Cadeler”) (OSE - CADLR).
Following the completion of the Exchange Offer, Cadeler and Eneti shareholders will own approximately 60% and 40% of the combined company, respectively.
NexTier shareholders will receive 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock owned.

Cadeler A/S and Eneti Inc. sign business combination agreement to create a leading offshore wind turbine and foundation installation company

Retrieved on:

Vendredi, juin 16, 2023

The business combination agreement has been unanimously approved by the Board of Directors of each of Cadeler and Eneti.

Key Points:

The business combination agreement has been unanimously approved by the Board of Directors of each of Cadeler and Eneti.
Commenting on the Combination, Mr. Andreas Sohmen-Pao, Chairman of Cadeler said: “This is a strategic transaction combining two leading offshore wind companies.
Our scale and our respective capabilities will create significant value at a time when offshore wind needs reliable partners and reliable solutions.
The Combination will result in the largest diversified fleet owned and operated by a single pure-play offshore wind turbine and foundation installation company.