Prime Resource and Broadband Maritime Sign Agreement and Plan of Merger

Tuesday, March 20, 2007
Prime Resource, Inc. and Broadband Maritime Inc., a privately held Delaware corporation offering turn key, always-on Internet access to commercial shipping fleets, today announced the signing of a second amendment to the merger agreement previously entered into by the companies on January 15, 2007 and amended on February 13, 2007. On March 16, 2007, Prime Resource, Inc. entered into a Second Amendment to the Agreement and Plan of Merger with Prime Acquisition, Inc., a wholly owned subsidiary of Prime and Broadband Maritime Inc. The Amendment amends the Agreement and Plan of Merger, dated as of January 15, 2007 among Prime, Merger Sub and Broadband Maritime, as amended by the First Amendment to the Agreement and Plan of Merger, dated February 13, 2007, as further set forth in the Second Amendment to change the Closing Date to as soon as practicable on or before March 31, 2007.

Maritime Today


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

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Philippines Mulls Bilateral Sea Talks with China

The Philippines may consider two-way talks with China to resolve a territorial dispute in the South China Sea but only if it wins its case with Beijing at an arbitration tribunal in The Hague,

Adani Ports Income Up by 15%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter

Shipping Corporation Q3 Profit Surges

The Shipping Corporation of India (SCI) declared its unaudited financial results for the quarter ended 31st December 2015 posting a net profit of Rs. 59.66 crores as against a net profit of Rs.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.0760 sec (13 req/sec)