- Euronav (NYSE:EURN) is near a merger deal with rival oil tanker owner Gener8 Maritime (NYSE:GNRT), with an agreement possibly reached as soon as this week, WSJ reports.
- EURN, which is listed on the NYSE and in Belgium, has a market value of more than $1B.
- GNRT, with a ~$360M market cap and partly owned by Oaktree Capital (NYSE:OAK), was in merger talks with Frontline earlier this year but no deal was reached.
- EURN -4.3%, GNRT +9.8% after-hours.