The stock price of Smit Intertanationale closed at Euro 72.47 in Amsterdam market on April 25. The stock has been trading firm as the oil prices are hovering around their record high. Technical Analysts suggest investors to hold the stock.

The largest marine-salvage company Smit Internationale NV may soon consider the takeover offer which was rejected two months earlier by the company CEO Ben Vree. Royal Boskalis offered $300 million for Smit Terminals, oil-tanker towing unit of Smit Internationale.

The company CEO said that they may consider takeover of its unit at a premium of 20-30% compared to current market value.

The company has reported robust growth numbers for six consecutive years. The stock price has appreciated nearly 5 times compared to 2002 when Mr. Ben Vree joined the CEO post in the company.