STX OSV

STX OSV: Independent Financial advisor EY have recommended that the independent directors of the offshore vessels builder reject Fincantieri's offer price, as the offer price of $1.22 per share is "not attractive". The directors urged shareholders to reject Fincantieri's offer and for optionholders to also reject Fincantieri's options proposals. Fincantieri's offer will remain open to both shareholders and optionholders of STX OSV until 5.30pm on March 13. Stock is currently up 1.6% at $1.305