Aker ASA: REM Offshore enters into Agreement to merge with Solstad Offshore
Solstad Offshore ASA ("SOFF" or "Solstad") and REM Offshore ASA ("REM") have on July 27, 2016 agreed to merge REM with a wholly-owned subsidiary of Solstad ("Merger Sub") ("the Merger"). REM, the principal shareholders of REM, and SOFF and its principal shareholders, have entered into an agreement that sets out the terms of the merger.The Merger will be completed as a statutory triangular merger pursuant to and in accordance with Norwegian law, whereby Merger Sub will be the surviving company. Solstad will create a new class B shares which will have the same economic rights as the ordinary