Mergers & Acquisitions ·
Cadeler completes UK redomiciliation and share exchange offer; initiates NOK 58.42 per share squeeze-out
CDLRCadeler A/S
Cadeler plc has completed its voluntary share exchange offer to shareholders of Cadeler A/S, finalizing the parent company's redomiciliation from Denmark to the United Kingdom. Trading in the new Cadeler Shares commenced on November 5, 2026, on both the New York Stock Exchange and the Oslo Stock Exchange under the ticker CDLR. Approximately 7.94% of shareholders did not tender their shares, resulting in an 8.62% increase in relative ownership for participating holders. Consequently, Cadeler intends to initiate a compulsory acquisition (squeeze-out) of remaining Cadeler A/S Shares at NOK 58.42 per share, determined as the volume-weighted average price over the preceding 30 trading days. The company has secured a financing arrangement with DNB Bank ASA for this purpose and plans to structure repayment through upstream loans or dividends within 12 months. Trading in Cadeler A/S ADSs on the NYSE is suspended, with delisting expected in 10 days. Cadeler plc is an offshore wind installation partner operating the industry’s largest fleet of jack-up vessels.