A failed takeover of Aurora LPG by Avance Gas seems to have worked out favourably for all involved in the battle, according to Pareto Securities.
Christian Andersen-led Avance, Oslo Axess-quoted Aurora and its new major shareholder BW LPG should all be content with the outcome, argues Eirik Haavaldsen.
Seeing through the deal would have led to Avance deviating from its 100% dividend policy, meaning the withdrawal of the bid is positive for its own stock price, the analyst says.
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