Battling against its takeover target Cascal, which is a US-listed Dutch water firm, the Conglomerate SembCorp Industries has now won the legal scuffle. Cascal made a motion to stop the launch of SembCorp's voluntary tender offer, which was today denied by the US court.

The verdict came out after evidences that there was no likelihood of Cascal succeeding on its legal claims. There had been no root in Cascal's claims that the potential tender proposal was in breach of any laws, regulations or contractual obligations.

To the response of the court’s decision SembCorp was pleased and declared that it’ll soon complete the transaction.

SembCorp was taken to court by Cascal in a claim that the former’s takeover offer infringes US securities laws and breaches confidentiality agreements.

SembCorp had made an announcement last year that it aims to make an offer to get hold of Cascal's terrific common shares for US$6.75 per share in cash, valuing the firm at US$206 million.

This offer was made regarding the privately-negotiated transaction between Sembcorp and Britain-based Biwater Investments. In Cascal, Biwater holds a 58.4% stake and the later has decided to tender all its shares in Cascal in the voluntary tender offer.