(MENAFN- ProactiveInvestors - Australia) Neptune Marine Services (ASX: NMS) has advised its shareholders to take no action in regards to the takeover offer from its substantial shareholder MTQ Corporation Limited (MTQ) of Singapore.
The company is currently preparing a Target's Statement, which will be released on or before 30 November 2012, that includes an Independent Expert's Report prepared by BDO Corporate Finance.
MTQ subsidiary Blossomvale had made a proposal to acquire all the shares of Neptune it does not own, at a cash price of $0.032 per share.
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