FRO - What's Going On With Euronav and Frontline Stocks Thursday? | Benzinga
Belgian oil tanker and storage operator Euronav NV (NYSE: EURN) confirmed that the second shareholder, Compagnie Maritime Belge (CMB), offered to acquire Frontline Plc's (NYSE: FRO) 26.12% stake in the company for $18.43 per share, which a mandatory public offer at the same price will follow.
The update and reports of Euronav going private led to a rally in Euronav and Frontline shares.
Euronav ...