Ardmore Shipping (Ardmore) issued a press release on 6 July 2020 suggesting that Hafnia Limited (Hafnia) had approached it with an unsolicited acquisition offer on 19 June 2020. In an all-stock transaction, Hafnia planned to offer 2.4 shares of Hafnia for one share of Ardmore. This would translate into an implied price of USD 3.87 …