Bear Stearns Unit to Buy MC Shipping

Monday, July 30, 2007
MC Shipping Inc. said it agreed to be bought by a Bear Stearns private-equity affiliate. The offer price is a premium of nearly 20 percent over MC Shipping's closing stock price on Friday. Based on the 9.5 million shares outstanding MC Shipping reported as of April 27, the deal is worth $135.5 million. Including assumed debt and other items, MC Shipping said the total transaction value is about $284 million. The company said it will hold a special shareholder meeting Sept. 5 to vote on the deal. If shareholders approve the deal, the merger would close immediately afterward. Source: AP
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

Roll-iT Reacts to Growing Demand

Roll-iT reaches new peaks with SCHEUERLE Self-Propelled Modular Transporters Roll-iT from Stabroek, Belgium is a co-partnership of Aertssen Kranen (Aertssen

Ferguson Norge Unveils New NORSOK Workshops

As a result of market demand for NORSOK workspace modules, Ferguson Norge, specialists in the rental of DNV 2.7-1 / EN 12079 certified offshore containers, refrigeration/freezer modules,

 
 
Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2448 sec (4 req/sec)