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BW LPG withdraws unsolicited takeover bid of Dorian LPG

Andreas Sohmen-Pao, chairman of BW's board of directors, complained it is "not normal practice nor in the best interest of our shareholders to hold a proposal open indefinitely."

Stamford shipper Dorian LPG rejects $1.1 billion acquisition offer

In refusing BW LPG's offer, Dorian Chairman, President and CEO John Hadjipateras said his company would be interested in absorbing some of the Norwegian firm's ships.