(NYSE:
GNRT) has established a meeting date of 11 June for a special meeting of its shareholders to, among other things, consider and vote on a proposal to approve an agreement and plan of merger with Belgian tanker group Euronav NV and its Euronav MI Inc subsidiary, the company said.
The transaction is subject to a number of closing conditions, including consummation of Euronav's announced acquisition of
GNRT, amendment of the company's existing credit facility as required to consummate the transaction, the company's receipt of financing necessary to consummate the transaction, completion of the company's due diligence to its reasonable satisfaction, execution of a definitive stock purchase agreement and receipt of all required third-party consents, third-party approvals and regulatory approvals.