On June 16, 2023, Eneti Inc. (NYSE: NETI) and Cadeler A/S (OSE: CADLR), two offshore wind turbine and foundation installation companies, announced that they had entered into a business combination agreement to combine through a stock-for-stock exchange offer to be made to all stockholders of Eneti based on an exchange ratio of 3.409 Cadeler shares for each Eneti share. As of the signing of the business combination agreement, the proposed combination values Eneti’s fully diluted share capital at approximately $597 million.
M&A – Business Combination between Eneti and Cadeler
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