Independent journal on economy and transport policy
01:20 GMT+2
FRONTLINE AND LOF AGREE TO TWO-STAGE TAKE-OVER
(Fairplay)
September 22, 1997
Frontline and London & Overseas Freighters are to amalgamate in a two-stage transaction. The Norwegian tanker operator is expected to begin a cash offer for between 50.1 and 90 per cent of LOF's outstanding ordinary shares on or about September 29. Frontline will then take control of a majority of LOF's board of directors, and shareholders will vote ...... Read more on Fairplay
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