In November the tycoon’s private investment vehicle, Geveran Trading, offered to acquire the remainder of the Oslo-quoted company’s outstanding shares for NOK 8.00 ($1.12) a piece after accumulating a 43.32% stake.
On Tuesday Flex LNG’s board of directors issued in a statement in which they urged shareholders to carefully consider their options.
“The offer price is below what the board considers to be the historical average acquisition premium in public cash offers in the Norwegian market,” they said.
“On
