Golar LNG Limited To Spin-Off Its Shipping Business [Forbes]
Golar LNG Limited - Common Shares (GLNG)
US:NASDAQ Investor Relations:
golarlng.com/investors
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Source: Forbes
Golar LNG Limited To Spin-Off Its Shipping Business Golar LNG Limited To Spin-Off Its Shipping Business Joe Cornell Contributor Opinions expressed by Forbes Contributors are their own. Getty Deal Overview On May 21, 2019, Golar LNG Limited (Nasdaq: GLNG, $17.92, Market Capitalization: $1.82 billion) announced the decision to spin-off its Trifuel Diesel Electric (TFDE) LNG carrier business. The spin-off completion is subject to favorable market conditions. Post spin-off, Golar (Stub entity) will focus on floating liquefied natural gas (FLNG) Power and downstream assets. Golar LNG will primarily focus on LNG infrastructure projects with long-term contract backlog. On the other hand, the shipping business will consist of TFDE LNG carrier business. The company has not yet filed Form-10 with the SEC. Other details and timeline of the spin-off such as the spin-off ratio, record date, when-issued date, distribution date and ticker are yet to be disclosed. Earlier, on February 26, 2019, Gola
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GLNG
News
- Golar LNG Limited (NASDAQ: GLNG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Golar LNG Limited - Announcement of filing of Form 20-F Annual ReportGlobeNewswire
- Golar LNG (GLNG) Shares Improve 3.6% Post Q4 Earnings Beat [Yahoo! Finance]Yahoo! Finance
- Golar LNG Limited (NASDAQ: GLNG) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Golar LNG Limited preliminary fourth quarter and financial year 2023 results [Yahoo! Finance]Yahoo! Finance
GLNG
Sec Filings
- 3/29/24 - Form 6-K
- 3/28/24 - Form 20-F
- 2/29/24 - Form 6-K
- GLNG's page on the SEC website