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Grindrod Shipping (GRIN) announced that Taylor Maritime Investment made a non-binding indicative proposal

  • August 29, 2022


StockGrindrod Shipping Holdings Ltd.SymbolGRIN
Date Announced08/29/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Taylor Maritime Investments Limited and Good Falkirk Limited
Date of Confirmation: 10/12/2022Price 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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