OSX Brasil Slashes Public Offering

Maritime Activity Reports, Inc.

March 19, 2010

According to a report from The Wall Street Journal, OSX Brasil SA, the Brazilian shipbuilding company controlled by billionaire Eike Batista, slashed the size and price of its initial public offering, which was expected to be among the world's biggest this year. The company said in a filing it cut the number of shares it will offer by 45% to 3.06 million.

(Source: The Wall Street Journal)

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