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Re: shotgun post# 717

Tuesday, 05/30/2017 2:36:01 PM

Tuesday, May 30, 2017 2:36:01 PM

Post# of 795


DJ Frontline Ends DHT Quest, Sets Eyes On Others -- Market Talk


2:21 PM Eastern Daylight Time May 30, 2017
14:21 ET - Norwegian shipping magnate John Fredriksen says he will likely drop has campaign to buy tanker rival DHT Holdings (DHT) and is looking at another company that operates at least 20 very large crude carriers. "It will be very difficult [to buy DHT]. We are looking at another acquisition," Fredriksen tells WSJ in Oslo. Frontline (FRO), owned by Fredriksen, made an improved $765M offer earlier this month for DHT, but it was turned down and DHT moved instead to buy 11 tankers from BW Group. The move diluted Frontline's 16.4% share in DHT to below 10% which Fredriksen said he will likely sell. (costas.paris@wsj.com)



Just my opinion, of course.

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