CMB’s takeover of Euronav hit by investor hurdle in the US

Funds managed by FourWorld Capital Management have filed a complaint in a US District Court regarding Compagnie Maritime Belge’s (CMB) offer to purchase all outstanding ordinary shares of Euronav from US holders. The Saverys family-controlled company said that FourWorld, an investment adviser firm, has increased its stake in Euronav from just under 1% to 2.41% …

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