Euronav, Gener8 Maritime Merger to Create World’s Leading Independent Tanker Company

Belgian tanker company Euronav (NYSE:EURN, Euronext:EURN) and its New York-based rival Gener8 Maritime (NYSE:GNRT) have agreed to merge, thus creating the world's leading independent operator of large crude tankers. The agreement, announced Thursday, calls for a stock-to-stock merger for the entire issued and outstanding share capital of Gener8, through which Gener8 would … [Read more...]