The Independent Bid Committee of Concordia Maritime has unanimously recommended that shareholders accept the acquisition offer from Stena Sessan. Stena Sessan's public offer is to acquire all class B shares in Concordia Maritime not already held for SEK 9.80 per share in cash, valuing the company at approximately SEK 468 million. The offer represents a significant premium to the closing price and trading averages on Nasdaq Stockholm. The acceptance period is expected to run from December 14, 2023, to January 11, 2024. The committee believes the offer provides shareholders with a near-term and risk-free realization of their investment value.