After nearly a month in the market, a change of underwriters and several changes to pricing, Top Tankers officially withdrew its $300 million convertible preferred stock deal this week citing market conditions. Proceeds of the offering were to be used to acquire the 15-vessel bulk carrier fleet of Greek owner AM Nomikos, and the deal has since been called off as a result of the failed offering.
This is only an excerpt of Top Finally Gives up on Convertible Offering
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Tags: · AM Nomikos, Ford, GM, Kirk Kerkorian, OMI, Seacor, Top Tankers
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