Fincantieri has been urged to increase its offer for Vard Holdings after some investors claimed the offer undervalues the company.
Last November the Italian shipbuilder tabled a bid to take the offshore vessel building group private via a voluntary conditional general offer.
Fincantieri, which already controls 55.6% of the shares in Vard, is offering minority shareholders just SGD 0.24 ($0.168) per share.
But
