CMB faces potential $46m shareholder payout for Euronav takeover

A court in Belgium has ruled that the Saverys family’s Compagnie Maritime Belge (CMB) miscalculated its offer price during a mandatory bid for Euronav shares. Euronav and CMB said in a statement that the Market Court in Belgium had “largely rejected” claims brought by US investors FourWorld Capital Management over CMB’s mandatory takeover offer for …

splash247