The Italianshipbuilder failed with a complete buyout of STX OSV last week after addingless than 5% equity to the 50.75% it already owned.

Analystshave described the poor take-up as unsurprising given they had already backedthe company’s call for shareholders to reject the offer.

OCBC saysmanagement can now get on with the job of running the offshore shipbuilder with littlelikelyhood of major interference from Fincantieri.