Seanergy Shareholder Approve Business Combination

Wednesday, August 27, 2008

Seanergy Maritime Corp. announced that at a special meeting of shareholders, shareholders approved the proposal to acquire six dry bulk carriers from affiliates of members of the Restis family.  Shareholders cast 20,618,873 votes in favor of the proposal, and holders of 6,514,175 shares voted against the proposal. Of the shareholders voting against the proposal, holders of 6,370,773 shares properly demanded redemption of their shares. Approval of the business combination required a majority of votes cast at the meeting to be cast in favor of the proposal and that holders of fewer than 35% of Seanergy’s shares issued in its initial public offering vote against the vessel acquisition and properly exercise their redemption rights.  Closing of the acquisition of the initial vessels constituting the completion of the business combination is scheduled for August 28, 2008.  Rodman & Renshaw and Maxim Group LLC acted as the mergers and acquisitions advisors on this acquisition.

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

News

Long Beach Picketers Not Striking -Port CEO

Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.

Baltic Index Flat on Muted Shipping Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained flat on Monday on muted shipping activity.   The overall index,

Cashman Continues to Expand US Northeast Barge Fleet

Cashman Equipment Corp. announced the continuing expansion of its U.S. Northeast barge and crane fleet for the marine construction market.   Over the past year,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.1546 sec (6 req/sec)