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Marriage at Haakon VII’s Gate 1 – DHT to Acquire Saga Tankers

There are certainly many reasons for a merger, but the fact that the two companies’ offices are separated by two floors, while not meaningful, does make the logistics of the transaction easier, even though there are only two employees involved. On a less frivolous note, the proposed acquisition of Saga Tankers ASA by DHT Holdings, Inc. makes perfect sense for both parties. For DHT, it clearly was a means to continue the growth trajectory that began under the new management team and without additional leverage. For Saga shareholders, it can be viewed simplistically as a swift and timely exit. But, in fact, Saga shareholders now have a far better platform to participate in the tanker market.

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