By Stephen Nakrosis
Golden Ocean Group has signed a term sheet to merge into CMB.TECH NV and create a maritime group with a combined fleet of more than 250 vessels.
Under the terms of the deal, Golden Ocean would merge with and into CMB.TEC Bermuda Ltd., a wholly-owned subsidiary of CMB.TECH, the companies said Tuesday. The stock-for-stock merger would see CMB.TECH as the surviving entity. Existing shares of Golden Ocean not already owned by CMB.TECH, will be cancelled and ultimately exchanged for newly issued CMB.TECH shares. The exchange ratio will be 0.95 shares of CBM.TECH for each share of Golden Ocean, the companies said.
The term sheet has been unanimously approved by CMB.TECH's supervisory board and by the board of Golden Ocean.
After the deal is completed CMB.TECH would remain listed on the New York Stock Exchange and Euronext Brussels, and pursue a secondary listing on the Euronext Oslo Børs.
Golden Ocean's stock rose 2.7% to $7.23 after hours, while shares of CMB.TEC declined 7.7% to $8.19.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 22, 2025 17:14 ET (21:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。