Trafigura becomes Frontline's no. 2 shareholder with big Suezmax buy [Seeking Alpha]
Frontline Plc Ordinary Shares (FRO)
Last frontline plc ordinary shares earnings: 2/27 01:30 am
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Source: Seeking Alpha
Trafigura becomes Frontline's no. 2 shareholder with big Suezmax buy - Frontline Ltd. (NYSE:FRO) | Seeking Alpha Commodities | Energy On the Move Trafigura becomes Frontline's no. 2 shareholder with big Suezmax buy Aug. 23, 2019 7:32 AM ET Frontline Ltd. (FRO) Carl Surran Frontline (NYSE: +5.8% agreeing to acquire FRO's second biggest shareholder Under the deal terms, Trafigura will take an 8.5% stake in FRO valued at $128M and receive a cash payment of $538M-$547M. FRO says it will time-charter the 10 vessels, which were built this year and fitted with scrubbers that will help them meet the upcoming IMO 2020 marine fuels rules, until the deal closes between November 2019 and March 2020. At a price of $66.5M-$67.4M per vessel based on yesterday's FRO, the deal is in line with current market values, according to analysts at Arctic Securities. See all stocks on the move » Now read: Tanker Powerhouse: Frontline With Major Acquisition » Subscribe
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FRO
News
- Frontline plc (NYSE: FRO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Frontline plc (NYSE: FRO) was upgraded by analysts at Jefferies Financial Group Inc. from a "hold" rating to a "buy" rating. They now have a $30.00 price target on the stock, up previously from $22.00.MarketBeat
- Frontline plc (NYSE: FRO) had its price target lowered by analysts at JPMorgan Chase & Co. from $23.00 to $22.30. They now have a "neutral" rating on the stock.MarketBeat
- Frontline Ltd. (NYSE:FRO) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Frontline plc (NYSE: FRO) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $22.00 price target on the stock.MarketBeat
FRO
Earnings
- 3/1/24 - Miss
FRO
Sec Filings
- 4/26/24 - Form 6-K
- 4/26/24 - Form 20-F
- 3/1/24 - Form 6-K
- FRO's page on the SEC website