That was the take of a source close to New York-based Gener8 this week after a client note from DNB Markets labelled it a takeover candidate.
Gener8 has been trading poorly in relation to its net asset value (NAV) since its initial public offering (IPO) in New York last year, while Paddy Rodgers-led Euronav and John Fredriksen-run Frontline enjoy a better valuation.
“The
