BLT and Camillo Eitzen deal revised

Berlian Laju Tanker (BLTA) has revised its offer for the acquisition of Camillo Eitzen & Co ASA (CECO), in which BLTA will submit a voluntary exchange offer for all outstanding shares in CEO for a value which is currently equivalent to NOK23.5/CECO share. 

The voluntary offer will be launched during Q1 2010 subject to the company's ability to raise US$200 million of new equity. Check out the company's statement to SGX this morning. 

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