AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Golden Ocean Group Announces Merger with CMB.TECH and Change of VPS Registrar
ByAinvest
Monday, Jul 28, 2025 10:31 am ET1min read
Golden Ocean Group and CMB.TECH have announced a merger, aiming to complete the deal on or around August 20, 2025. Golden Ocean will change its registrar in Euronext Oslo from Nordea to DNB Carnegie, affecting the conversion and transfer of shares during the merger process. The conversion stop for Golden Ocean shares is expected to occur from August 4 to August 20, and for CMB.TECH shares, approximately two business days thereafter.
Title: Golden Ocean Group and CMB.TECH Merger Update: Key Dates and Shareholder ConsiderationsGolden Ocean Group (GOGL) and CMB.TECH NV have announced significant updates regarding their merger, with an expected completion date around August 20, 2025. The merger, which aims to combine the strengths of both companies, is subject to shareholder approval at a Special General Meeting scheduled for August 19, 2025.
One of the key technical updates involves a change in Golden Ocean's VPS registrar from Nordea to DNB Carnegie. This change is necessary to facilitate the merger closing and will result in a temporary freeze on share conversions between Euronext Oslo Børs and Nasdaq. The conversion stop period is expected to last from August 4 to August 20, 2025 [1].
During this period, shareholders will not be able to convert or transfer their shares between Euronext Oslo Børs and Nasdaq. After the merger, trading of new CMB.TECH merger consideration shares is expected to begin on NYSE, Euronext Brussels, and Euronext Oslo Børs on August 20, 2025 [1].
The merger remains subject to various closing conditions, including shareholder approval. For shareholders, the distribution mechanism is geography-specific: those with shares on Nasdaq will receive new CMB.TECH ordinary shares trading on NYSE, while those on Euronext Oslo Børs will receive shares expected to trade on Euronext Oslo Børs [1].
This update primarily addresses administrative procedures rather than revealing new strategic information about the merger itself. The temporary conversion restriction is a standard procedural step to ensure proper accounting and distribution of new shares following the merger completion [1].
References
[1] https://www.stocktitan.net/news/GOGL/gogl-update-on-merger-with-cmb-tech-and-change-of-vps-95kbq60fylll.html
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet