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, Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
- Pangaea Logistics Solutions, Ltd. (NASDAQ: PANL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Pangaea Logistics Solutions Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Pangaea's (NASDAQ:PANL) Q3 Sales Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Pangaea Logistics Solutions Ltd. Reports Financial Results for the Quarter Ended September 30, 2024PR Newswire
PANL
Earnings
- 11/12/24 - In-Line
PANL
Sec Filings
- 11/15/24 - Form PRE
- 11/13/24 - Form 8-K
- 11/13/24 - Form 8-K
- PANL's page on the SEC website