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Norwegian Camillo Eitzen puts off Q3 figures on takeover offer.

NORDIC BUSINESS REPORT-16 November 2009-Norwegian Camillo Eitzen puts off Q3 figures on takeover offer(C)1994-2009 M2 COMMUNICATIONS

16 November 2009 - Norwegian shipping company Camillo Eitzen & Co ASA (OSL: CECO) put off today the release of its third-quarter report to 30 November 2009 due to the expected takeover offer from Indonesia-based PT Berlian Laju Tanker Tbk (JAK: BLTA).

The results were originally due to be presented on 18 November 2009.

In October, Berlian Laju Tanker informed the Norwegian company about its interest to make a voluntary takeover offer for all its outstanding shares.

Camillo Eitzen said on 5 November 2009 that the partners would not manage to keep the original plan to announce the bid by mid-November and to close the deal by the end of the month.

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EXNO
Date:Nov 16, 2009
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