CMB.TECH (CMBT) said Tuesday it agreed to buy about 81.4 million shares in Golden Ocean (GOGL) from Hemen Holding, representing about 40.8% of Golden Ocean's outstanding shares and votes, at $14.49 per share.
The transaction will not trigger a mandatory takeover bid in any jurisdiction, the company added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.