The Oslo Stock Exchange is considering protests from minority shareholders in Belships' over its merger with Frode Teigen and his company Lighthouse, according to Norwegian daily Finansavisen.
Teigen has offered to buy 30.2% of Belships for NOK 7 ($0.80) per share and to merge it with Lighthouse. Both companies are involved in the supramax and ultramax segments.
Sverre Jorgen Tidemand controls 67% of the Belships shares, whilst his brother Otto and his daughters, through the company Tidships, have a 10.6%
