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The latest announcement is out from Cool Company Ltd ( (CLCO) ).
Cool Company Ltd has confirmed that all conditions have been met for its merger with a newly formed, wholly owned subsidiary of EPS Ventures Ltd, following shareholder approval at a special general meeting. Upon completion of the transaction, EPS will acquire all outstanding CoolCo common shares it does not already own for $9.65 per share, in cash or the Norwegian kroner equivalent for Oslo-listed stock, effectively taking full control of the company and consolidating ownership under an entity closely associated with the company’s chair and one of its directors.
The most recent analyst rating on (CLCO) stock is a Hold with a $9.65 price target. To see the full list of analyst forecasts on Cool Company Ltd stock, see the CLCO Stock Forecast page.
More about Cool Company Ltd
Cool Company Ltd, which is listed on both the New York Stock Exchange and Euronext Growth Oslo, operates in the maritime and energy transportation sector, providing liquefied natural gas (LNG) shipping services to global customers.
Average Trading Volume: 274,408
Technical Sentiment Signal: Buy
Current Market Cap: $521.9M
For a thorough assessment of CLCO stock, go to TipRanks’ Stock Analysis page.