The Malaysian FPSO operator has offered NOK9.4 per share or NOK996m ($170m) in total for the Oslo-listed company.

The offer represents a premium of 5.1% over the closing price of the shares on 7 June 2013 and a premium of 43.2% over the dividend adjusted closing price of the share the day before the announcement of the strategic review process by FOP’s board on 1 October 2012.

“The