Marsden Maritime Holdings has announced that the High Court has approved the scheme of arrangement with a consortium comprising Northland Regional Council, Port of Tauranga, and Ngāpuhi Investment Fund.
Under the scheme, the consortium will acquire all Marsden Maritime shares, except for those already held by Northland Regional Council, at a price of $5.60 per share in cash.
The company has requested the NZX to suspend trading in its shares and delist from the exchange on the implementation date.
The scheme is expected to be implemented on June 26, 2025, subject to final conditions.
Shareholders who hold Marsden Maritime shares as of the record date will be entitled to receive the scheme consideration of $5.60 per share in cash.
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