Fairstar Heavy Transport Turns Down Dockwise’s “Poison Pill” Offer
Fairstar Heavy Transport N.V. has informed Dockwise that the unsolicited financial proposal received from Dockwise is of no interest to Fairstar. Dockwise has attempted to characterize the offer of USD 30 million in “subordinated debt” to be an attempt by Dockwise to be helpful. However, a close reading of the …