Bruton faller på Oslo Børs etter melding om sammenslåing

Oslo Børs saw its main index rise by 0.1 percent shortly after opening on Friday. Crude oil prices, or Brent spot, remained around the same level as the previous day, trading at $105.2 per barrel, down 0.4 dollars since midnight. Global markets showed better sentiment for tech stocks following a dip earlier in the week. Japan and South Korea's stocks experienced turmoil after a trading setback on Thursday.

Wall Street rebounded from a non-trading Thursday evening and ended in the green. Preliminary developments suggest a flat opening in the afternoon.

Investor Tor Olav Trøims speculated that Bruton would merge with the shipping company International Seaways. John Fredriksen owns the largest stake in the latter. Post-merger, Bruton would become a subsidiary of International Seaways and would be delisted from Oslo's Euronext Growth. Bruton shares have been lifted due to rumors of an imminent transaction.

Bruton shareholders will be compensated with shares. They will receive 0.0519 shares in International Seaways for each Bruton share they hold. However, those owning less than 10,000 shares will receive compensation in cash, equivalent to $6.3044 per share. Other Oslo Børs companies have also reported similar developments.