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.”
