LPG - Dorian LPG: Takeover Drives 30% Upside Potential 75% If Lease Rates Continue To Improve
Update 10/12/18: Subsequent to this article publishing as a Top Idea on October 8th, we learned that BW LPG had sent a letter to Dorian's board objecting to Dorians lack of movement on their proposal and withdrawing its hostile bid. However, in that letter they also stated they "remain open to a future conversation should your board and shareholders become convinced of the merits of consolidation." Dorian's response indicates a main objection was over price. Given this, the benefits to both companies shareholders of a merger, and a number of large shareholders who came out