(Updates with TORM's latest stock move in the headline and in the first paragraph.)
TORM (TRMD) shares were up 6.4% in Wednesday trading after Hafnia (HAFN) agreed to acquire 4.5 million class A shares of the company at $32.25 per share, representing about 4.4% of TORM's issued and outstanding share capital.
Hafnia, an owner and operator of around 180 tankers, will hold more than 18% of TORM after the deal is completed, Hafnia said.
Price: 37.15, Change: +2.22, Percent Change: +6.36
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