Scorpio Bulkers takes precaution against hostile takeover

The danger of one or more investors gaining control of Scorpio Bulkers has made the board of the dry bulk company implement a so-called "poison pill".

BY OLE ANDERSEN

The board at Scorpio Bulkers, which in spite of its large-scale sale of newbuilding contracts is still owner of the industry's largest orderbook, is now trying to take precaution against a hostile takeover of the company.

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