Frontline, DHT to Talk Over Hostile Bid

Macleod R_frontline

Norwegian shipping companies Frontline Ltd. and DHT Holdings Ltd. will meet this month in a last-ditch attempt to find common ground over a takeover bid by Frontline, which so far has been rejected, the Wall Street Journal reports.

Speaking in an interview with the publication, Frontline CEO Robert Macleod said DHT “extended an invitation and I will be meeting them over the next 10 days. The door is not closed, but I am very surprised they didn’t accept the premium. That’s our final offer.”

 

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