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Cool Company Ltd ( (CLCO) ) just unveiled an update.
CoolCo is in advanced discussions with EPS Ventures Ltd regarding a potential acquisition where EPS would purchase all outstanding shares of CoolCo not already owned by them, at $9.65 per share, representing a significant premium over recent trading prices. The transaction, which would result in CoolCo being delisted from major stock exchanges, is expected to close by early 2026, pending approvals. The deal underscores EPS’s commitment to CoolCo’s long-term growth and operational reliability, while also potentially impacting CoolCo’s market positioning and stakeholder interests.
The most recent analyst rating on (CLCO) stock is a Hold with a $80.00 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
CoolCo is a specialized LNG Carrier company operating a fleet of 13 vessels, providing both short- and long-term charters to leading oil & gas, trading, and utility companies. The company is focused on organic growth through newbuilds and strategic acquisitions, leveraging its affiliation with Eastern Pacific Shipping to strengthen its market position. CoolCo is committed to global decarbonization efforts and aims to significantly reduce emissions by 2030.
Average Trading Volume: 60,535
Technical Sentiment Signal: Buy
Current Market Cap: $417.1M
Learn more about CLCO stock on TipRanks’ Stock Analysis page.