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The latest announcement is out from Golden Ocean Group ( (GOGL) ).
Golden Ocean Group Limited is set to merge with CMB.TECH Bermuda Ltd., a subsidiary of CMB.TECH NV, marking a significant strategic move in the shipping and technology sectors. The merger, expected to be completed by August 20, 2025, will result in the cessation of Golden Ocean’s separate financial reporting, with its results to be included in CMB.TECH’s financial statements, potentially affecting stakeholders and market dynamics.
The most recent analyst rating on (GOGL) stock is a Hold with a $12.50 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
Golden Ocean is a Bermuda-incorporated shipping company specializing in the transportation of dry bulk cargoes. The company’s fleet consists of 89 vessels, with an aggregate capacity of approximately 13.5 million deadweight tonnes. Golden Ocean’s ordinary shares are listed on Nasdaq with a secondary listing on the Euronext Oslo Børs under the ticker symbol ‘GOGL’.
Average Trading Volume: 2,700,895
Technical Sentiment Signal: Sell
Current Market Cap: $1.6B
For an in-depth examination of GOGL stock, go to TipRanks’ Overview page.