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Shareholder Activism
Last December, we wrote about MMI Investments L.P.’s investment in DHT Maritime. At that time this activist shareholder had purchased approximately 3.95 million shares, representing approximately 8.1% of the outstanding shares for $15.6 million. At the conclusion of our article, we presciently suggested that the company should soon expect a call. This week, with its ownership stake increased to 4.325 million shares now representing 8.9%, MMI fired its broadside.
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Tags: · DHT Maritime, Einar Michael Steimler, Erik Lind, Euronav, Frontline, General Maritime, Knightsbridge Tankers, Lifflander, MMI Investments L.P., Nordic American Tankers, Oceanfreight, OSG, Robert Cowen, ship finance, Tanker (UK) Agencies, Teekay, Tsakos Energy
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