Dorian rejects BW LPG’s merger proposal, citing undervaluation
The world’s second-biggest VLGC owner says its fleet’s value was not reflected in the BW bid and proposes to buy 17 ecoships from BW instead. The rejection comes as Dorian slips into a first-quarter loss
Update: BW LPG says it receives positive feedback from “a significant percentage of Dorian’s shareholder base”
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