Dorian spent millions on rejecting BW LPG takeover bid

Dorian LPG spent USD 10 million on fending off BW LPG's acquisition attempt last year. The company reports a bottom line deficit of USD 50.9 million, a doubling compared to last year.

by TRINE VESTERGAARD

Gas shipping company Dorian LPG spent USD 10 million on considering and rejecting the acquisition attempts from BW LPG last year, shows the company's earnings report, which covers the period until the end of March 2019. BW LPG ultimately withdrew its offer.

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Dorian LPG expects more balanced VLGC market
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BW's protracted acquisition attempt cost Dorian millions
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BW LPG withdraws offer to buy Dorian
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