POTENTIAL DEAL DETAILS
|Stock||Grindrod Shipping Holdings Ltd.||Symbol||GRIN|
|Date Announced||08/29/2022||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||Taylor Maritime Investments Limited and Good Falkirk Limited|
|Date of Confirmation:||10/12/2022||Price at Confirmation:||$25.57|
|Potential Profit:||3.90%||Annualized Profit:||32.36%|
Grindrod Shipping Holdings (GRIN) announced that Taylor Maritime Investment Limited made a non-binding indicative proposal to acquire the entire issued and to be issued share capital of the company not already owned by TMI for an aggregate cash consideration of US$26.00 per share.
October 12, 2022:
Grindrod Shipping Holdings Ltd. (GRIN) announced that they have entered into a transaction implementation agreement, dated October 11, 2022, among the company, Taylor Maritime Investments Limited and Good Falkirk (MI) Limited, a wholly-owned subsidiary of TMI, providing for a voluntary conditional cash offer to be made by the Offeror for all of the issued ordinary shares in the capital of the Company.
Under the terms of the Offer, shareholders of the company will be entitled to receive the offer price of US$21.00 in cash for each Share tendered in the Offer.
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