It surrendered its 17,291,866 shares, the Oslo Stock Exchange was told today.
That gives Fredriksen’s Geveran Trading a total of 105,039,314 shares, representing a stake of 82.88%.
Geveran Trading’s mandatory offer was made a month ago and will expire on Thursday afternoon.
Each share is being sold for NOK 8 ($1.12), a price that analyst Arctic Securities described as being at the “very low end” of Flex’s fair market value.
On
