John Fredriksen’s Frontline has postponed payment of its third quarter dividend until after its takeover offer for Euronav has been completed.
The Oslo and New York-listed tanker company faces a battle for every shareholder vote after the Belgian target’s biggest shareholder, the Saverys family, came out against the mega-merger.
Now Frontline is offering Euronav investors the chance to take a slice of its profit if they vote for the deal.
