Flex told the Oslo Stock Exchange that Fredriksen's Geveran Trading now owns 87,747,448 of its shares, giving it a 69.24% holding with just one day to run on a takeover offer.

Fredriksen's latest acquisitions include stock surrendered by Bernhard Schulte Ivestment Holding and Ian Beveridge, who had controlled 6,586,481 shares.

Fredriksen's mandatory offer was made a month ago and will expire on Thursday afternoon.

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