5.09%QQQQ 34.86 3.65%XLF 17.80 5.22%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - Greek drybulk shipper Navios Maritime Holdings Inc. said late Wednesday that an initial public offering of 22 million Navios Maritime Acquisition Corp. units priced at $10 per unit.
| NM | 4.1 |  -0.44 |
Each unit consists of one share of common stock and one warrant that entitles the holder to buy one share of common stock for $7.
Concurrent with the offering, Navios Holdings will invest $7.6 million in a private placement of warrants. Following the close of the deal, Navios Holdings will own about 19 percent of Navios Acquisition, a special purpose acquisition company formed to acquire marine transportation and logistics assets or businesses.
Gross proceeds of $220 million will be held in trust pending the completion of an acquisition.
JPMorgan Securities and Deutsche Bank Securities served as lead underwriters.
The company's units will begin trading Thursday on the New York Stock Exchange under the symbol "NNA.U."
The Obama campaign launched a campaign ad, short documentary and web site attack...
The Philippine unit of American International Group Inc. sought to dispel concerns Monday that the sale of the country's largest insurer would af...
Getting the financial rescue through Congress may have been the easy part. Getti...
|
Professional Website Design For Corporate - Get a Free Quote Today
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
