Euronav and Gener8 Maritime have agreed to settle shareholder lawsuits against their pending merger in order to remove a hurdle to an expected closing of the deal this quarter.
Word of the settlement is disclosed in an updated proxy document filed by Euronav with US securities regulators today.
The two crude-tanker companies will make “supplemental disclosures” to satisfy complaints brought by two separate shareholders in US District Court for the Southern District of New York in March.
