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IMO is looking at a global levy (tax) on marine fuels. Do you think this is

a really good idea
an unfortunate necessity
a bad idea
a really bad idea

Marine Log

June 20, 2008

STX moves on rest of Aker Yards

Korea's STX Shipbuilding is moving ahead with plans to acquire the rest of Aker Yards ASA.

It already owns 39.23% of the share capital.

Today, after the close of trading on the Oslo Stock Exchange, investment bank ABG Sundal Collier said it had received an order from STX Norway AS ( STX), to acquire a minimum of 2,000,000 (1.76%) and maximum 9,000,000 (7.92%) shares in Aker Yards ASA at NOK 63 a share (an 11.5% premium on today's closing price.

Provided its offer is successful, STX will follow it up with a mandatory offer for all shares outstanding in Aker Yards ASA.

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