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Lamprell plc Fort Anne Douglas Isle of Man IM1 5PD

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Lamprell offers $336m for MIS acquisition 23 May 2011

UAE-based rigyard Lamprell is offerimg smaller rival MIS a total consideration of NOK 1,869 million (US$336m) in acquisition which values each MIS at NOK 38 per share. The acquisition is proposed be funded through a mixture of equity (by way of the Rights Issue), debt (principally through a new US$150 million term loan facility) and from existing cash resources....