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BRIEF-Keppel Corp Announces Merger Agreement Between Floatel International And Prosafe SE

Reuters SG

June 4 (Reuters) - Keppel Corporation Ltd:

* KEPPEL CORPORATION LTD ANNOUNCES MERGER AGREEMENT BETWEEN FLOATEL INTERNATIONAL LTD AND PROSAFE SE

* PROSAFE TO ACQUIRE ALL OF ORDINARY SHARES IN CAPITAL OF FLOATEL BASED ON A 55 : 45 EXCHANGE RATIO BETWEEN PROSAFE & FLOATEL RESPECTIVELY

* FLOATEL INTERNATIONAL TOGETHER WITH FELS OFFSHORE ENTERED INTO AN AGREEMENT WITH PROSAFE SE IN RELATION TO A PROPOSED MERGER

* PROSAFE PREFERENCE SHARES TO BE ISSUED TO FLOATEL SHAREHOLDERS SHALL ENTITLE PREFERENTIAL RIGHT TO RECEIVE DIVIDENDS UP TO MAX US$20 MILLION Source text for Eikon: Further company coverage: