One of the tanker market’s famous consolidators has been flagged as a takeover candidate by analysts at DNB Markets.
Gener8 Maritime was formed from the merger of General Maritime and Navig8 Crude last year and is led by famous deal-maker Peter Georgiopoulos.
In a research note today, DNB Markets said: “We argue that the stock is a takeover candidate by companies such as Frontline and Euronav, as the large valuation spreads should allow for a friendly M&A exchange ratio.”
