MARKETS

Battle of the LPG giants

THE ongoing takeover bid for Dorian LPG by offshore fuel shipping rival BW LPG may have reached a tipping point with Norwegian-listed BW increasing its all-scrip offer, and gaining the support of major Dorian shareholder Seacor.

Helen Clark

It's battle of the LPG giants as BW ups bid for Dorian

BW has been pursuing the takeover since May, when its first offer was rejected as it did not take account of Dorian's younger ships or superior commercial performance, so it increased its bid last week...

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