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Golden Ocean Group ( (GOGL) ) has shared an update.
Golden Ocean Group Limited, a shipping company, has announced the approval of a merger with CMB.TECH Bermuda Ltd., a subsidiary of CMB.TECH NV. This merger, approved at a Special General Meeting, will result in the cancellation of Golden Ocean’s common shares, which will be exchanged for CMB.TECH ordinary shares, potentially impacting the company’s market positioning and shareholder value.
The most recent analyst rating on (GOGL) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Golden Ocean Group stock, see the GOGL Stock Forecast page.
More about Golden Ocean Group
Average Trading Volume: 2,694,170
Technical Sentiment Signal: Sell
Current Market Cap: $1.6B
Learn more about GOGL stock on TipRanks’ Stock Analysis page.