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Post# of 648882
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Tuff-Stuff

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Tuff-Stuff

Re: EZ2 post# 545431

Tuesday, 08/19/2014 10:02:44 AM

Tuesday, August 19, 2014 10:02:44 AM

Post# of 648882
<----Star Bulk to acquire 34 drybulk vessels from Excel in cash and stock deal

Star Bulk Carriers (SBLK +5.2%) agrees to acquire 34 drybulk vessels from Excel Maritime Carriers (NYSE:EXM) for ~29.9M shares and ~$288M in cash for total consideration of $634.9M.
The sale consists of six Capesize vessels, 14 sistership Kamsarmax vessels, 12 Panamax vessels and two Handymax vessels mainly built at shipyards in Japan.
The vessels will be acquired in a series of closings which SBLK expects to complete by the end of 2014.

Pray for A Pain Free Day!

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