HALLIN MARINE is taken out at a big premium – who’s next from the sector?
The big news from AIM to close the week was the announcement of the takeover of Hallin Marine (AIM:HMS), the by the US listed Superior Energy Services, Inc.
The take out price of 233p per Hallin Share in cash values the fully diluted share capital of Hallin at approximately £103.5m and a premium of approximately 87% to the Closing Price of 124.5p on the day before.
Somewhat surprisingly, on 9th Dec 2009 Mike Arnold, a Director of a Company purchased a token 5,372 Ordinary Shares at a price of 139.5p per share. A token transaction but interesting timing nonetheless!
In ‘HMS’ we lose one of the most appropriate tickers on the market!