GOGL - Golden Ocean and CMB.TECH: Important Dates and Details for Merger Finalization
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2025
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Source: Newsfilter
Merger Announcement: Golden Ocean Group Limited is merging with CMB.TECH Bermuda Ltd., with CMB.TECH as the surviving entity and issuer of merger shares.
Key Dates: The merger is expected to close on 20 August 2025, following a special general meeting on 19 August 2025, with trading in the combined company starting the same day.
Share Delivery Timeline: CMB.TECH shares will be delivered to former Golden Ocean shareholders on specific dates, with OSE deliveries on 22 August 2025 and NYSE deliveries on 21 August 2025.
Financial Reporting: Golden Ocean will not issue a separate Q2 2025 report; instead, its results will be included in CMB.TECH's Q2 2025 financial statements.
Analyst Views on CMBT
Wall Street analysts forecast CMBT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMBT is 13.65 USD with a low forecast of 13.50 USD and a high forecast of 13.80 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
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 11.360
Low
13.50
Averages
13.65
High
13.80
Current: 11.360
Low
13.50
Averages
13.65
High
13.80
About CMBT
CMB.TECH NV is a Belgium-based company engaged in the maritime transportation and storage of oil products. The Company provides shipping services, in addition to focusing on fleet diversification and decarbonisation in large-scale low-carbon marine and industrial applications. The Company, along with its group entities, operates in two business segments: the operation of crude oil tankers on the international markets (tankers), and the floating production, storage, and offloading operations. The group owns and operates more than 250 seagoing vessels: crude oil tankers, dry bulk tankers, container transport, chemical tankers, offshore wind vessels, tugboats and ferries. The Euronav brand remain the brand name of the crude oil tanker and offshore oil activities.
About the author
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.
