Aurora rejects Avance Gas takeover bid
Norwegian Aurora's board of directors is not satisfied with the bid from Avance Gas and thus recommends its shareholders to vote against the competitor's attempt at acquiring the carrier.
BY KATRINE GRØNVALD RAUN
It does not look set to be an easy task for Norwegian carrier Avance Gas to complete its attempt at acquiring competitor Aurora LPG. When Avance in mid-November announced its plans to make a bid on Aurora, the Aurora board of directors aired a degree of skepticism about the attempt in the wake of the announcement. Now the board calls on its shareholders to reject the offer.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Avance Gas looking to acquire Aurora LPG
For subscribers
Highly satisfied Avance Gas CEO exits super quarter
For subscribers
