General Maritime, Arlington Get OK to Merge

Thursday, August 28, 2008
General Maritime and Arlington Tankers have received approval from U.S. antitrust officials to merge, reports said.. The two companies had said on Aug 6 that they had agreed to merge in a stock-for-stock combination that would form an oil tanker company with an enterprise value of $2b. The FTC announced the approval in a listing that it puts out several times a week. Under the terms of the deal, General Maritime shareholders will receive 1.34 shares of the combined company for each share held while shareholders of Arlington Tankers will receive one share of the combined company for each share owned, the companies said in early August. Source: Reuters
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Captain of Ill-fated El Faro was Known as Trusted Mariner

The captain of the ill-fated cargo ship that sank in a hurricane off the Bahamas with no survivors last week was an experienced and highly trusted mariner who had spent a lifetime on the water,

Cordero Reconfirmed as FMC Commissioner

Mario Cordero was reconfirmed today as a U.S. Federal Maritime Commissioner.   Cordero joined the Federal Maritime Commission (FMC) as a Commissioner on June 3,

Chiarello: TOTE Continues Support to El Faro Families

Anthony Chiarello, President & CEO of TOTE, owner of the cargo ship presumed to have sunk with 33 mariners aboard last week amid Hurricane Joaquin, issued a statement

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators
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: 0.9371 sec (1 req/sec)