Capital Market Strength Makes Winners all around in ATB GMR Transaction

In a market in which issuing new equity at or above net asset value is nearly impossible, and at a time when high payout shipping companies are struggling to grow, General Maritime’s all stock acquistion of Arlington Tankers not only makes perfect economic sense – the cashless and symbiotic nature of the deal is probably a blueprint for a few more transactions to come.

This will be especially true among target companies like Double Hull Tankers where the initial sponsor has divested.

As our readers know by now, Wednesday morning August 6 before the NYSE opened

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