BW LPG makes $1.1bn all-share bid to acquire Dorian LPG
Backed by BW Group, BW LPG has offered 2.05 BW LPG shares for each Dorian share in a deal with $1.1bn enterprise value. The merged entity will control 25% of the world’s VLGCs, according to Lloyd's List estimates
Update: BW LPG wants to preserve cash while allowing Dorian shareholders to maintain exposure to shipping markets in the all-stock offer
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