In a filing with the Oslo bourse TIL said the company is prepared to spend up to $10m, which is enough cash to amass roughly 2.6% of its shares at a price of NOK 64.00 to NOK 69.00 a piece.
The initiative is backed by DNB, which was hired to explore the possibility of a purchase that would take the form of an offer conducted through a book-building process.
“The
