Oslo and New York listed tanker owner Frontline has received its latest letter of rejection from takeover target DHT Holdings with “stoic tranquility”.
Robert Hvide Macleod, chief executive of Frontline Management, said: “I am tempted to quote our author Henrik Ibsen: ‘When the starting point is very wrong, the result often gets most original.’”
DHT sent the public letter last night where it claimed that Frontline had played legal “games” during the saga and suggested it was time for both companies to get back to their own business.
