Shareholders Okay Star Bulk’s Merger with Oceanbulk

first_imgBased on the agreement Oceanbulk Shipping LLC and Ocean bulk Carriers LLC and accompanying entities are expected to become indirect wholly‐owned subsidiaries of StarBulk in consideration for the issuance of 54.104 million shares of common stock of StarBulk.The vote was has been cast at a special meeting of Star Bulk’s shareholders that was held earlier today.The company reported that the transaction remains subject to the satisfaction or waiver of certain other conditions included in the agreements.According to Star Bulk, vote tallies are considered preliminary until the final results are tabulated and certified by independent election inspectors.Through the transaction, Star Bulk is acquiring an operating fleet of 15 dry bulk carrier vessels, with an average age of 5.6 years and an aggregate capacity of approximately 1.75 million dwt.The fleet includes five Capesize vessels, two post‐Panamax vessels, six Kamsarmax vessels and two Supramax vessels and contracts for the construction of 26 fuel‐efficient, eco‐design newbuilding dry bulk vessels including eight Newcastlemax vessels, eight Capesize vessels and ten Ultramax vessels each being built at shipyards in Japan and China.The newbuild vessels are scheduled to be delivered in 2014, 2015 and 2016.Upon completion of the transaction, the Oaktree Investors will own 61.3% of Star Bulk’s shares of common stock and the Pappas Investors will own 12.5% of Star Bulk’s common stock.Press Release; July 11th, 2014 zoom According to the preliminary results of Star Bulk Carriers shareholder vote, an overwhelming majority of the shareholders voted to approve the previously announced merger with Oceanbulk.last_img read more

Pots for EHF Champions League L16 completed Draw streamed live on ehfTVcom

← Previous Story EHF CL: Metalurg “sinks” Bjerringbro-Silkeborg, Fuchse Berlin better than Pick Szeged Next Story → Vote for the EHF CL Preliminary Round “ALL STAR TEAM”! ademarAdemar LeonatleticoBarcelonabjerringbroCeljechampions leaguechekhovskidinamoDinamo MinskEHFehftvFlensburgFuchse BerlinGorenjeHamburgKielKielcemetalurgPick SzegedveszpremVienna Here are the pots at the upcoming draw of the Last 16 phase of the EHF Champions League. The draw will take place on Tuesday 26th of February, at 12:30 local time, in Vienna. All handball fans will have the opportunity to follow the draw live on free of charge. Pot 1 will play against teams from Pot 4, while Pot 2 teams will meet Pot 3 teams. Teams that already played in the same group in the group stage will not be able to meet again in the L16 phase.Pot 1:HSV Hamburg (GER)MKB Veszprém KC (HUN)Vive Targi Kielce (POL)FC Barcelona Intersport (ESP)Pot 2:SG Flensburg-Handewitt (GER)THW Kiel (GER)Metalurg Skopje (MKD)Füchse Berlin (GER)Pot 3:Chekhovski Medvedi (RUS)Atlético Madrid (ESP)Gorenje Velenje (SLO)Dinamo Minsk (BLR)Pot 4:Reale Ademar León (ESP)Celje Pivovarna Laško (SLO)Bjerringbro-Silkeborg (DEN)Pick Szeged (HUN) read more