STX OSV

STX OSV: calls for trading halt. Fincantieri offers to buy STX OSV for € 900m in cash offer, which translates to $1.22/sh, 13% below yday’s closing price. Fincantieri made a €455m offer for STX Europe’s 50.75% stake in STX OSV, paving the way for a cash offer for the remaining stake. The transaction is expected to close within the first four months of 2013. STX group of companies are down in Seoul trading today.