A PYMNTS Company

US: DHT unanimously reject offer

By  |  May 7, 2017

Today announced that its Board of Directors has unanimously rejected Frontline’s April 25 proposal to acquire all of the outstanding shares of common stock of DHT at a ratio of 0.8 Frontline shares for each DHT share.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Board’s response is contained in a letter to Robert Hvide Macleod, Principal Executive Officer of Frontline, which can be accessed through the link below.

    The offer made in April was identical to an offer made in February, which DHT rejected as well claiming that the offer undervalued the company significantly.

    Full Content: Globe Newswire

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.