OSLO, Jan 31 (Reuters)– Tanker strong DHT Holdings approximated its internet possession worth at $5.7 per share on Tuesday, over a non-binding all-share deal made by rival Frontline, which is presently worth regarding $5 per share.

Frontline, managed by delivering magnate John Fredriksen, made an unwanted deal for its competitor throughout the weekend break to get all exceptional shares in united state noted DHT.

On Tuesday’s DHT’s administration usually avoided making additional discuss the Frontline proposal throughout a profits phone call.

During the phone call, DHT’s co-CEOs Trygve Munthe as well as Sveinung Moxnes Harfjeld claimed they anticipated a “choppy” market for petroleum vessels in 2017 however included the company has a great disadvantage security because the firm has reduced cash money break-even prices. (Reporting By Ole Petter Skonnord, editing and enhancing by Terje Solsvik as well as Gwladys Fouche)

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