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BW LPG Increases All-Stock Proposal for Combination with
Dorian in Transaction Valued at $1.1Billion
OSLO – July 9, 2018 – BW LPG Limited (“BW LPG”, the “Company”, OSE ticker code “BWLPG”) today announced that it has increased its all-stock proposal to combine with Dorian LPG Ltd. (“Dorian”) (NYSE: LPG), under which Dorian shareholders would receive 2.12 BW LPG shares for each Dorian share.
BW LPG Sends Letter to Dorian Board of Directors
Highlights Strong Support for the Proposed Transaction
Expressed by Many Shareholders of Both Dorian and BW LPG
BW LPG Proposes to Combine with Dorian In All-Stock transaction Valued at USD $1.1 Billion
Dorian Shareholders Would Benefit from Immediate Premium, Significant Free Cash Flow Accretion
and 45% Ownership ofLarger Company with Expanded Investor Attention and Enhanced Trading
Liquidity as a Result of Greater Market Capitalization
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