The Netherlands: Holders Of Smit Shares (7.2%) Find Boskalis Offer Still Too Low

AMSTERDAM–Some shareholders of Smit Internationale NV (SMIT.AE) Wednesday said a revised takeover offer from Royal Boskalis NV (BOKA.AE) that has been recommended by Smit’s board and management still undervalued the Dutch maritime service provider, continuing a split that has caused one Smit board member to stand down.

Source: The Wall Street Journal, February 3, 2010