Louis Lines Seeks Stock Split OK

Thursday, November 11, 1999
Cyprus cruise line Louis will seek shareholders' approval for a 5:2 stock split and a new share issue to finance its recent acquisition of a Greek shipping line. Louis will apparently seek approval of a motion at the December 6 meeting for the issue of 5,426,660 new shares with a nominal value of 10 cents, which would be granted to shareholders in Royal Olympic Cruise Lines. It signed a deal with the Greek cruise line last month to take over 51.4 percent of the company. The move brings some 16 leisure vessels under its control.

Offshore

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

MISC Enters Thai Offshore O&G Market

Energy related maritime solutions and services provider MISC Berhad (MISC) has made inroads into Thailand’s offshore oil and gas market for the first time.

 
 
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