The hunted became the hunter as DHT Holdings executives faced questions from Wall Street analysts following its strong fourth quarter report.
All discussions and questions on a takeover approach from John Fredriksen’s Frontline were “respectfully” restricted at the start, leaving the proverbial 1,000lb gorilla on the line.
That bar, enforced while the board evaluates Fredriksen’s proposal, did not prevent DHT’s co-chief executives placing their own value on the company, targeting further growth or highlighting the already high trading liquidity of the shares.
