Cavotec MSL Announces Completion of Secondary Share Placement

Wednesday, May 16, 2007
Cavotec MSL Holdings Limited said that an $18m secondary share placement to institutional and other habitual investors was executed on April 19. The placement was sole lead managed and underwritten by the investment banking firm Goldman Sachs JBWere. Thirteen current shareholders of Cavotec MSL participated in the transaction, including certain managers, directors and founding shareholders of the company. On average, these shareholders sold approximately 5% of their holdings. Each selling manager shareholder is subject to a standstill on further sales for a minimum period of 6 months.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Crowley Opens Government Services Office

Crowley Maritime Corp. has opened a new government services office in downtown Norfolk, Va. to help the company better serve government agencies such as the Military Sealift Command (MSC) and the U.

Interview: Mike Petters - President & CEO, HII

Last month Mike Petters, president and CEO of Huntington Ingalls Industries (NYSE:HII), was honored by the Coast Guard Foundation at the 35th Annual Salute to the United States Coast Guard,

McAllister Towing – 150 Years of Family Business

“Early in 1864, a young man names James McAllister stood on board a sailing vessel where he served as a mate. The boat was about to set sail from the Red Bay of

Coast Guard

Adrift Cargo Ship Taken in Tow

The Barbados-registered cargo vessel Skog, which was adrift off Orkney after encountering engine problems, is now under tow, the U.K. Maritime and Coastguard Agency (MCA) reported.

Los Angeles to Host Annual 'Fleet Week'

Mayor Eric Garcetti and U.S. Navy officials announced today that Los Angeles has been selected as an official Fleet Week market for the U.S. Navy, beginning in 2016.

Lightering Operations Begin for Sunken Lake Barge

Lightering operations has begunn for the  tanker barge Argo sunken in Lake Erie as Unified Command responders took advantage of a favorable weather window, the U.

Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | 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: 0.0722 sec (14 req/sec)