Pangaea Logistics Solutions and M.T. Maritime Management Announce Agreement to Combine Fleets of Dry Bulk Vessels in All-Stock Transaction [Yahoo! Finance]
Pangaea Logistics Solutions Ltd. (PANL)
Last pangaea logistics solutions ltd. earnings: 3/23 04:05 pm
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Source: Yahoo! Finance
the "Company") (Nasdaq: PANL), a global provider of comprehensive maritime logistics solutions, and M.T. Maritime Management ( USA ) LLC ("MTM"), managers of a diversified fleet of tankers and dry bulk vessels, today announced a definitive agreement to merge fifteen handy-size dry bulk vessels into Pangaea's 26 vessel supramax, ultramax, panamax and post-panamax fleet. The handy vessels are currently owned by Strategic Shipping Inc. ("SSI"), a privately held company managed by MTM located in Southport, Connecticut . The fifteen handy-size vessels are valued at approximately $295 million , inclusive of vessel related financing agreements of approximately $102 million , resulting in a total net asset value of $193 million As consideration, Pangaea will issue approximately 19.0 million shares of its common stock to SSI equal to approximately 29% of the Company's outstanding common stock upon completion of the proposed transaction, which represents the relative net asset value of SSI's
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PANL
News
- Pangaea Logistics Solutions (NASDAQ:PANL) shareholders have earned a 22% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Pangaea Logistics Solutions And 2 Other High-Yield Dividend Stocks In US [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SMAR, PANL, BALY, RXRX on Behalf of ShareholdersPR Newswire
- PANL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Pangaea Logistics Solutions Ltd.’s Fleet Is Fair to ShareholdersBusiness Wire
- Pangaea Logistics Solutions and M.T. Maritime Management Announce Agreement to Combine Fleets of Dry Bulk Vessels in All-Stock TransactionPR Newswire
PANL
Earnings
- 8/8/24 - Beat
PANL
Sec Filings
- 9/24/24 - Form 8-K
- 9/24/24 - Form 8-K
- 8/19/24 - Form S-8
- PANL's page on the SEC website