Euronav (CMBT) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Euronav NV has announced that the Market Court in Belgium has mostly dismissed claims by FourWorld Capital Management regarding the mandatory public bid for Euronav’s shares by CMB NV. The court did recognize special benefits given to Frontline in vessel pricing, calculated at USD 0.52 per share, but has not mandated an increase in the bid price. The FSMA retains the discretion to adjust the price, and if an increase is directed, CMB has pledged to compensate shareholders who participated in the bid.
For further insights into CMBT stock, check out TipRanks’ Stock Analysis page.
