BW LPG is reportedly undeterred in its merger offer for Dorian LPG, a prospect that would create a massive new shipping company in a deal valued at more than 1.1 billion USD.
In an “open letter” to Dorian LPG’s board of directors and chairman John Hadjipateras, the Singapore-based and Oslo-listed liquid petroleum gas shipper, billed as the world’s largest, said only benefits will arise for Dorian’s shareholders from the proposed merger.
The company also complained that its representatives were not invited to brief Dorian’s board members over the proposal. BW LPG controls 14.2 percent of Dorian LPG.
