Will Niels Stolt-Nielsen be able to convince Laurence Odfjell about a merger?
CEO Niels Stolt-Nielsen has invited Chairman Laurence Odfjell to discuss a merger or other kinds of consolidation of their family businesses. To back up his invitation, Stolt-Nielsen has purchased equities to become a major shareholder with its competitor.
Stolt-Nielsen’s purchase of Odfjell shares has stirred the pot, and it is clear that the Oslo-based company wants to initiate consolidation talks with its Norwegian competitor headquartered in Bergen. Despite maintaining that the transaction is simply a financial investment.
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