Navios tanker duo merger gets green light
A merger between Navios Group tanker companies Navios Maritime Acquisition and Navios Maritime Midstream Partners has received the blessing of the two sets of directors and Midstream’s conflicts committee. The companies say the transaction, which reunites Navios’ fleet of 13 VLCCs, will create a larger, more liquid entity and offers the partnership’s unit holders a 9.2% premium based on last Friday’s closing prices in New York
Navios Midstream unit holders to take Navios Acquisition stock at a 9.2% premium based on last week’s prices, say companies
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