Rem Offshore received overwhelming support from bondholders for its proposed merger with Solstad Offshore.
Nearly 96.8% of bondholders in Rem’s bonds due in 2018 voted in favour of the proposal.
More than 94% of votes cast for the bonds due in 2019 approved the company’s restructuring effort, Rem said today in a filing.
Rem and Solstad, which are both listed on the Oslo Stock Exchange and headquartered in Norway, are seeking to combine into a new company known as Solship.
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