CMB.TECH's update on the Golden Ocean merger process

Written by Emily J. Thompson, Senior Investment Analyst

GOGL-2.76%

CMBT-1.27%

Source: Newsfilter

Updated: 08-11

4mins

Source: Newsfilter

Merger Announcement: CMB.TECH NV is progressing with a stock-for-stock merger with Golden Ocean Group Limited, where Golden Ocean will merge into CMB.TECH Bermuda Ltd., with an exchange ratio of 0.95 shares of CMB.TECH for each share of Golden Ocean.
Upcoming Vote and Timeline: A special general meeting for Golden Ocean shareholders is scheduled for August 19, 2025, to vote on the merger, with expectations to close the transaction around August 20, 2025, pending necessary approvals and conditions.

GOGL.O

$8.000-17.021%Past 6 months

Line

Candle

YTD

Intellectia

Analyst Views on GOGL

Wall Street analysts forecast GOGL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOGL is 9.18 USD with a low forecast of 9.00 USD and a high forecast of 9.37 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Analyst Rating

1 Buy

1 Hold

0 Sell

Moderate Buy

Current: 7.980

Low

9.00

Averages

9.18

High

9.37

Current: 7.980

Low

9.00

Averages

9.18

High

9.37

Nordea

Buy

Hold

downgrade

NOK 164

2025-05-20

Reason

Nordea

Price Target

NOK 164

2025-05-20

downgrade

Buy

Hold

Reason

Nordea downgraded Golden Ocean to Hold from Buy with a NOK 164 price target.

Jefferies

Omar Nokta

Hold

Maintains

$10 → $8

2025-04-23

Reason

Jefferies

Omar Nokta

Price Target

$10 → $8

2025-04-23

Maintains

Hold

Reason

Jefferies

Omar Nokta

Hold

Maintains

$10

2025-02-26

Reason

Jefferies

Omar Nokta

Price Target

$10

2025-02-26

Maintains

Hold

Reason

Jefferies

Omar Nokta

Hold

Maintains

$13 → $12

2024-11-27

Reason

Jefferies

Omar Nokta

Price Target

$13 → $12

2024-11-27

Maintains

Hold

Reason

See All Ratings

About GOGL

Golden Ocean Group Limited is a Bermuda-based shipping company, which is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk vessels, consisting of Newcastlemax, Capesize, Kamsarmax and Panamax vessels. The Company’s fleet consists of approximately 90 vessels, with a capacity of approximately 13.7 million deadweight tons. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers, along worldwide shipping routes. Its vessels operate in the spot and time charter markets. In addition, it has eight vessels chartered-in by SFL Corporation Ltd. (SFL) (of which seven are chartered in on finance leases and one is chartered on an operating lease). Approximately 8 of its vessels are chartered-out on fixed-rate time charters, 28 of its vessels are chartered out on index-linked-rate time charters and 55 vessels operate in the spot market.

About the author

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Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.