His Kistefos investment vehicle is offering SEK 5 ($0.77) pershare for the remaining 36.8% of the equity it does not already own, valuing TransAtlanticat SEK 739m, it announced today in a regulatory filing.

The offer is equal to today’s closing price on the NasdaqOMX Stockholm exchange where RABT’s B shares are traded.

Kistefos purchased an additional chunk of shares in theshipowner earlier this month triggering exchange rules governing mandatorybuyout offers.