Ina note to investors DNB Markets said it doesn’t expect to see a dealmaterialise due to the current valuation of the US LPG carrier owner’s NewYork-quoted stock but didn’t rule out the possibility altogether.
“We argue that a merger with Avance Gas is unlikelyto happen at the current valuation as we think the stock will revalue onceearnings and cash flow become more visible during 2015,” it told investors.
DNB
