Oaktree changes decision

Oaktree Capital had made plans to trim their majority stake in Torm Plc (TRMD). But now, the company has made an about-turn.

Torm stock rises after Oaktree withdraws planned share sale(NASDAQ:TRMD) | Seeking Alpha

I can understand Oaktree wanting to monetize a portion of their TRMD stake. While Torm shares took off in the past 14-15 months, Oaktree have been involved with Torm for many years - more than 12 years. Many of those years, TRMD shares languished. In addition, in a more recent acquisition, Torm used shares for a portion of the purchase.

TORM plc (TRMD) Stock Major Holders - Yahoo Finance

If the above shareholding numbers are correct, 5M shares would be a < 10% disposal of their TRMD position.

Sorry Howard - First World problems

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