As the Saverys family continues to contest a merger of Euronav into Frontline, billionaire shipping investor John Fredriksen has taken a significant stake in another tanker giant, New York City headquartered International Seaways (NYSE: INSW). A May 4 filing with the SEC by Frediksen-associated Famatatown Finance, showed that following its most recent purchases, it owned 8,166,856 shares in Seaways, valued at $169.3 million.
Commentators are divided on whether Fredriksen is looking for an...
https://www.marinelog.com/legal-safety/shipping/seaways-adopts-a-poison-pill-defense/