Pangaea Logistics Solutions to Buy 15 Handy Vessels for $295 Million in Stock, Assumed Debt
Pangaea Logistics Solns: Will Issue Approximately 19.0M Shrs Common Stk to SSI Equal to Approximately 29% of Company's Outstanding Common Stk Upon Completion of Transaction >PANL
Pangaea Logistics Solns: Handy-Size Vessels Are Valued at Approximately $295M, Inclusive of Vessel Related Financing Agreements of Approximately $102M, Resulting in Total Net Asset Value of $193M >PANL
Pangaea Logistics Solns: Handy Vessels Are Currently Owned by Strategic Shipping Inc., a Privately Held Co Managed by MTM Located in Southport, Ct. >PANL
Express News | Pangaea Logistics Solutions Ltd - Fifteen Handy-Size Vessels Valued at $295 Million
Express News | Pangaea Logistics Solutions and M.t. Maritime Management Announce Agreement to Combine Fleets of Dry Bulk Vessels in All-Stock Transaction