The new board of directors of Norwegian offshore operator DOF is back with a new proposal to refinance the company and lower its debt two months after the minority shareholders voted down the previous deal and later ousted the board. The company said it believes based on its review that the new proposal is a reasonable compromise while warning the company faces questions over its financial solvency and without acceptance of this deal is likely to be declared bankrupt.
After more than two years of negotiations, last year DOF said it had reached t…
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