A sweetened takeover of Aurora LPG by rival BW LPG suggests an asset price level never seen in the sale-and-purchase market, analysts say.
BW LPG today raised its offer to NOK 13.55 per share, sending shares in Aurora flying and its own equity up modestly.
Bjorn Kristian Roed, an analyst at Danske Bank, says the bid implies a VLGC price in the low $50ms, a figure never achieved in the physical market.
