- (PLX AI) - Frontline FRO - Frontline Ltd. considers voluntary public takeover bid on Euronav NV.
- • Frontline stock-for-stock combination based on an exchange ratio of 1.45 FRO shares for every 1.0 EURN share
- • Based on Frontline share price USD 8.34 per share (as of US close 8th July 2022), the proposed exchange rate represents a value of USD 12.09 per Euronav share
- • Combined company will be held approximately 55% by existing Euronav shareholders and approximately 45% by existing Frontline shareholders
- • The combined group will be named Frontline, incorporated and headquartered in Cyprus
© 2022 PLX AI
