Excel Maritime to buy Quintana for $2.45 billion
By MarketWatch
NEW YORK (MarketWatch) — Excel Maritime Carriers Ltd agreed to acquire Quintana Maritime Ltd for $13 in cash plus 0.4084 shares of Excel Class A common stock for each share of Quintana. Based on Excel’s closing price Monday of $33, the offer, including assumed debt and other costs, represents a total value of $2.45 billion, or $26.48 a share, a 57% premium to Quintana’s Jan. 28 closing price of $16.89. If the average closing price of Excel Class A stock exceeds $45 a share during the 15-trading-day period ending before the acquisition’s effective date, the exchange ratio will be adjusted so the total value of the deal, including cash, is $31.38 a share, unadjusted for dividend payments. Excel, a Piraeus, Greece, transportation company, expects annual savings of $15 million to $20 million from the deal, which is expected to close in the second quarter. In pre-market trading, shares for Quintana, a Glyfada, Greece drybulk shipping company, were up $1.11, or 6.6%, at $18. In pre-market trading, Excel shares were down $1, or 3%, at $32.
Evo i te Zdenke:
Excel Maritime to buy Quintana for $2.45 billion
By MarketWatch
Last update: 8:46 a.m. EST Jan. 29, 2008Print RSS Disable Live Quotes
NEW YORK (MarketWatch) — Excel Maritime Carriers Ltd agreed to acquire Quintana Maritime Ltd for $13 in cash plus 0.4084 shares of Excel Class A common stock for each share of Quintana. Based on Excel’s closing price Monday of $33, the offer, including assumed debt and other costs, represents a total value of $2.45 billion, or $26.48 a share, a 57% premium to Quintana’s Jan. 28 closing price of $16.89. If the average closing price of Excel Class A stock exceeds $45 a share during the 15-trading-day period ending before the acquisition’s effective date, the exchange ratio will be adjusted so the total value of the deal, including cash, is $31.38 a share, unadjusted for dividend payments. Excel, a Piraeus, Greece, transportation company, expects annual savings of $15 million to $20 million from the deal, which is expected to close in the second quarter. In pre-market trading, shares for Quintana, a Glyfada, Greece drybulk shipping company, were up $1.11, or 6.6%, at $18. In pre-market trading, Excel shares were down $1, or 3%, at $32.
Zna li netko kako doći do NAVa za QMAR?
EXM je dao ponudu na kupnju sa kombinacijom svojih dionica, ovo samo pokazuje koliko je dionica bila potcijenjena. Imaju 5-godišnje ugovore. NAV je prije procijenjen na cca 27$ ako se dobro sjećam…
Znači da su se prodali po NAVu.
Malo me je činilo nervoznim činjenica da se nisu mogli prodati… uz sadašnje stanje na marketu brodova bilo mi je to sumnjivo. Manjak brodova, a njih nitko neće. Prošli tjedan su objavili da su odustali od prodaje.
Pila naopako! To je bilo samo malo pregovaračke strategije.
Ovo je dobra vijest po meni.
U danasnjem FT sve puno dobrih vijesti.
Kina u teskom nedostatku ugljena. Drzava zabranila sav izvoz, i jos moraju uvoziti. Koreja i Japan poceli kupovati na spot trzistu da premoste vrijeme do potpisivanja terminskog ugovora. Glasina je da ce nova cijena ugljena biti 100 USD, u odnosu na proslogodisnjih 55 USD.
Za zeljeznu rudacu se jos ne zna nova cijena, ali se ocekuje 50 – 70% povecanje u odnosu na sadasnju cijenu.
U danasnjem FT sve puno dobrih vijesti. Kina u teskom nedostatku ugljena. Drzava zabranila sav izvoz, i jos moraju uvoziti. Koreja i Japan poceli kupovati na spot trzistu da premoste vrijeme do potpisivanja terminskog ugovora. Glasina je da ce nova cijena ugljena biti 100 USD, u odnosu na proslogodisnjih 55 USD. Za zeljeznu rudacu se jos ne zna nova cijena, ali se ocekuje 50 – 70% povecanje u odnosu na sadasnju cijenu.
[smiley] ha ha, još da nas netko shvati ozbiljno kao državu
niti ja
ali vidim da je jos druker
Back11:na atlantskoj: ajmo ljudi, dam samo da prodam
Dobre vijesti:
Pearl Of Jebel Ali (75,241 dwt, 14.5L(A), 2002-built) delivery worldwide Apr 1-Jul 31, redelivery worldwide,
Navios Kypros (55,000 dwt, 14.7L(A), 2003-built) delivery Shanghai spot, redelivery worldwide,
Equinox Voyager (52,000 dwt, 14/32L 14/31B, 2002-built) delivery Lome Jan 28-31, redelivery India,
Manje dobre vijesti:
Gulf Ahmadi (48,581 dwt, 14.35L(A), 1987-built) delivery Chennai Feb 2-4, redelivery Continent,
Navios Herakles (52,067 dwt, 14.5/32L 14/30B, 2001-built) deliveryS Australia Feb 13-23, redelivery eastcoast India, $26,000 daily plus$250,000 ballast bonus.
http://biz.yahoo.com/ap/080130/china_economy_snow.html
mozda nije za temu brdari al daje nam do znanja da kinezima gori pod petama al ne od dovoljno ugljena
Otišlo krivo.Ponavljam:
Dobre vijesti:
[Pearl Of Jebel Ali (75,241 dwt, 14.5L(A), 2002-built) delivery worldwide Apr 1-Jul 31, redelivery worldwide, 12 months, $57,500 daily.
Navios Kypros (55,000 dwt, 14.7L(A), 2003-built) delivery Shanghai spot, redelivery worldwide, 4 months, $43,000 daily.
Equinox Voyager (52,000 dwt, 14/32L 14/31B, 2002-built) delivery Lome Jan 28-31, redelivery India, $55,000 daily.
Manje dobre vijesti:
Gulf Ahmadi (48,581 dwt, 14.35L(A), 1987-built) delivery Chennai Feb 2-4, redelivery Continent, $19,500 daily.
Navios Herakles (52,067 dwt, 14.5/32L 14/30B, 2001-built) deliveryS Australia Feb 13-23, redelivery eastcoast India, $26,000 daily plus$250,000 ballast bonus.