Compagnie Maritime Belge’s proposed buyout of John Fredriksen and potentially all Euronav shareholders at $18.43 per share comes slightly below the company’s net asset value (NAV).
But the undershoot was not enough to deter equity analysts from a positive view of the transaction, whose proposal by CMB was confirmed on Thursday after TradeWinds reported talk of the deal.
The price is just below Jefferies’ $18.50
