CDLR

Cadeler (CDLR.US) surged more than 8% during regular trading to $7.30.

The stock is down 73.45% over the past five sessions and down 60.73% year to date. Volume was 7.23 times its average.

The Nasdaq Composite is up 0.29% over the past five sessions and up 8.59% year to date.

The construction and engineering industry index rose 7.0% over the same period, in line with the stock's move.

The company launched a compulsory acquisition of remaining minority shares at 58.42 Norwegian kroner per share to achieve full ownership. The parent already holds over 90% of the Danish subsidiary’s shares and voting rights, with the offer period ending on Dec. 7, 2026. Completion will mark the final step in the group’s redomiciliation from Denmark to the UK.

Separately, Cadeler completed a 1:1 share exchange offer on Nov. 5, 2026, transferring its parent entity from Denmark to the UK, with about 7.94% of shares not tendered. Meanwhile, SSE’s Dogger Bank wind farm has contracted Cadeler’s newly built Wind Apex installation vessel, which is scheduled to join the Phase C installation campaign in the third quarter of 2027.

Based on public media reports. AI-generated; not investment advice.