Dorian LPG accuses BW of being disingenuous as takeover row escalates

Dorian LPG accuses BW of being disingenuous as takeover row escalates

The war of words between Dorian LPG and prospective buyer BW LPG continues. BW has been chasing its rival LPG operator for the last four months and has claimed Stamford-based Dorian LPG has failed to properly engage in dialogue over the takeover bid, something John Hadjipateras’s Dorian has now refuted in no uncertain terms.

In a release, Dorian LPG stated it has met multiple times with BW’s leadership team, including an in-person meeting with the entire Dorian board and BW.

“It is disingenuous for BW to characterize Dorian as nonresponsive, and to completely mislead shareholders by failing to discuss the facts of the situation,” Dorian stated, adding: “We will not close doors to potential opportunities, and will respond to BW’s proposal in due course.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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