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 February 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Barril Appointed COO of SBM Offshore

SBM Offshore is pleased to announce the appointment of Philippe Barril as Chief Operating Officer (COO) effective March 1, 2015.  Philippe's appointment as a

Zamakona, Finnish GS-Hydro Ink Deal

The presentation ceremony of the Finnish multinational leader in water services GS-Hydro, new partner of Zamakona Yards in Canarias was held yesterday (January 29th at 7 p.

Naval EXPO Coming to Washington

For the first time ever, the general public will be admitted free to the Naval Future Force Science and Technology EXPO general exhibit hall Feb. 4-5 where they

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.1030 sec (10 req/sec)