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Re: trendmkr post# 2230

Wednesday, 02/01/2017 1:45:02 PM

Wednesday, February 01, 2017 1:45:02 PM

Post# of 2301
Frontline (NYSE:FRO) confirms it approached DHT Holdings (NYSE:DHT) with a proposal for a possible business combination.
The company offered to acquire all outstanding shares of DHT in a stock-for-stock transaction at a ratio of 0.725 Frontline shares for each DHT share.

DHT price locked in to FRO price if acquired/merged. FRO 6.875 x 0.725 = 4.98

I am out at 4.80
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