John Fredriksen believes his takeover offer for DHT Holdings is fair but the billionaire sees plenty of other options to renew his Frontline fleet at a time asset prices have retreated.
Fredriksen and Frontline stole the headlines this week with a bid that values DHT at $5.09 per share — or $475m.
The shipowner tells TradeWinds the approach fits both a need to renew the fleet of Oslo and New York-listed Frontline and consolidate the market.
