Pangaea Logistics Solutions to Buy 15 Handy Vessels for $295 Million in Stock, Assumed Debt

MT Newswires Live

2024-09-24

Pangaea Logistics Solutions (PANL) agreed to acquire 15 handy-size dry bulk vessels owned by closely held Strategic Shipping, which is managed by M.T. Maritime Management (USA), for $295 million in stock and assumed debt.

Pangaea will issue about 19 million common shares to Strategic Shipping.

The transaction is expected to close in Q4, pending customary closing conditions and shareholder approval, Pangaea said Monday in a statement.

Seven employees on M.T. Maritime's dry bulk chartering and operations teams will join Pangaea, and Strategic Shipping nominated two people to join the Pangaea board as part of the transaction, including Christina Tan, chief executive officer of M.T. Maritime

Price: 6.49, Change: -0.13, Percent Change: -1.96

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2469179654"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2469179654\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2469179654?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-24 05:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2469179654","market":"us","top_or_hot":-1,"title":"Pangaea Logistics Solutions to Buy 15 Handy Vessels for $295 Million in Stock, Assumed Debt","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/PANL\">Pangaea Logistics Solutions</a> (PANL) agreed to acquire 15 handy-size dry bulk vessels owned by closely held Strategic Shipping, which is managed by M.T. Maritime Management (USA), for $295 million in stock and assumed debt.</p><p>Pangaea will issue about 19 million common shares to Strategic Shipping.</p><p>The transaction is expected to close in Q4, pending customary closing conditions and shareholder approval, Pangaea said Monday in a statement.</p><p>Seven employees on M.T. Maritime's dry bulk chartering and operations teams will join Pangaea, and Strategic Shipping nominated two people to join the Pangaea board as part of the transaction, including Christina Tan, chief executive officer of M.T. Maritime</p><p>Price: 6.49, Change: -0.13, Percent Change: -1.96</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pangaea Logistics Solutions to Buy 15 Handy Vessels for $295 Million in Stock, Assumed Debt</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPangaea Logistics Solutions to Buy 15 Handy Vessels for $295 Million in Stock, Assumed Debt\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-09-24 05:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/PANL\">Pangaea Logistics Solutions</a> (PANL) agreed to acquire 15 handy-size dry bulk vessels owned by closely held Strategic Shipping, which is managed by M.T. Maritime Management (USA), for $295 million in stock and assumed debt.</p><p>Pangaea will issue about 19 million common shares to Strategic Shipping.</p><p>The transaction is expected to close in Q4, pending customary closing conditions and shareholder approval, Pangaea said Monday in a statement.</p><p>Seven employees on M.T. Maritime's dry bulk chartering and operations teams will join Pangaea, and Strategic Shipping nominated two people to join the Pangaea board as part of the transaction, including Christina Tan, chief executive officer of M.T. Maritime</p><p>Price: 6.49, Change: -0.13, Percent Change: -1.96</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USA","symbol_name":"Liberty All-Star Equity Fund","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2469179654","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469179654","pubTimestamp":1727128656,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Pangaea Logistics Solutions  agreed to acquire 15 handy-size dry bulk vessels owned by closely held Strategic Shipping, which is managed by M.T. Maritime Management , for $295 million in stock and assumed debt.Pangaea will issue about 19 million common shares to Strategic Shipping.The transaction is expected to close in Q4, pending customary closing conditions and shareholder approval, Pangaea said Monday in a statement.Seven employees on M.T. Maritime's dry bulk chartering and operations teams will join Pangaea, and Strategic Shipping nominated two people to join the Pangaea board as part of the transaction, including Christina Tan, chief executive officer of M.T. MaritimePrice: 6.49, Change: -0.13, Percent Change: -1.96","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"USA":"Liberty All-Star Equity Fund","BK4021":"海运","NEX.SI":"绿达环球有限公司","BK6039":"环境与设施服务","BK6520":"工商业服务概念","PANL":"Pangaea Logistics Solutions"},"translate_title":"Pangea Logistics Solutions将以2.95亿美元的库存购买15艘Handy船舶，并承担债务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NEX.SI":1,"PANL":1,"USA":1},"content_text":"Pangaea Logistics Solutions (PANL) agreed to acquire 15 handy-size dry bulk vessels owned by closely held Strategic Shipping, which is managed by M.T. Maritime Management (USA), for $295 million in stock and assumed debt.Pangaea will issue about 19 million common shares to Strategic Shipping.The transaction is expected to close in Q4, pending customary closing conditions and shareholder approval, Pangaea said Monday in a statement.Seven employees on M.T. Maritime's dry bulk chartering and operations teams will join Pangaea, and Strategic Shipping nominated two people to join the Pangaea board as part of the transaction, including Christina Tan, chief executive officer of M.T. MaritimePrice: 6.49, Change: -0.13, Percent Change: -1.96","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}