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Wednesday, September 23, 2026

Holyman To Back New Lang Bid

Maritime Activity Reports, Inc.

October 14, 1999

Holyman Ltd.'s board of directors will reportedly recommend a fresh $.71 a share takeover bid from Lang Corp Ltd. Lang Corp increased its cash offer from $.61, topping a rival $.66 a share bid from Adsteam Marine Ltd. The new bid values Holyman at about $82.5 million, compared with just $53.5 million at Adsteam's original bid price of $.46.
With the advent of fuel transition, digitalization, AI and autonomy, innovation in vessel design and operation proceeds at unprecedented speed.
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