DHT Holdings’s Proposed Acquisition by Frontline
January 31, 2017
On January 29, 2017, DHT Holdings, Inc. announced that it received a non‑binding, highly conditional proposal from Frontline Ltd. to acquire all of the outstanding shares of common stock of DHT in a stock‑for‑stock transaction. Frontline has proposed a ratio of 0.725 of a Frontline share for each share of DHT, which represents an implied price of $5.09 per DHT share, based on the closing price of Frontline shares of common stock on January 27, 2017. Cravath is representing DHT in connection with its consideration of the Frontline proposal and related matters.
The Cravath team is led by partners Erik R. Tavzel and Ting S. Chen and includes associate Nicholas M. Foley.
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J.D., 2006, Stanford Law School
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A.B., 2003, Harvard CollegePhi Beta Kappa, summa cum laude
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