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Frontline Sinks $4B Shipping Merger With Rival Euronav

Law 360 M&A

Oil tanker company Frontline Ltd. said on Tuesday that it has backed out of a stock merger deal with rival Euronav NV, an arrangement that would have created a global shipping business with a market capitalization of more than $4 billion.

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Euronav Rejects Frontline's Bid To Back Out Of $4B Merger

Law 360 M&A

International crude oil tanker company Euronav NV said Wednesday it is willing to enter arbitration or pursue litigation against Frontline Ltd. over the termination of their proposed stock merger deal to protect its shareholders.

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5 Firms Rep $4.2B Oil Tanker Biz Tie-Up

Law 360 M&A

and Euronav NV said Thursday they have agreed to potentially combine in an all-stock transaction creating a company with a market capitalization of $4.2 Crude oil tanker transportation and storage businesses Frontline Ltd. billion, in a deal guided by five law firms, including Freshfields and Scandinavian law firm Schjødt.