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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (27947)	3/25/2008 12:39:30 PM
From: E_K_S	Read Replies (2) of 78748

Hi Paul - I thought you might be interested to see that billionaire John Fredriksen, largest shareholder of Frontline) has taken a stake of up to 10% in rival Overseas Shipholding Group (OSG). Frontline has a forward contract for 1,366,600 shares, or a further 4.4%, in OSG. If Frontline decides to take delivery of these shares, the company and Mr Fredriksen would control 9.6% of OSG. According to the article, Frontline and group companies view both these holdings as good financial value investments. aftenposten.no It will be interesting to see what his plans are for integrating this investment into his empire. EKS

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