What do you do when you want to acquire a company, but its management doesn’t want to be acquired?
Executives of Belgium’s Euronav delivered something of a primer on the subject this morning now that they are free at last to discuss their long pursuit of New York’s Gener8 Maritime.
The pursuit began in 2016 and finally ended last week when Gener8 shareholders approved the $504m stock-for-stock acquisition that has formed the world’s largest independent operators of large crude tankers.