2020 Bulkers signs deal to buy AHTS AS in all-share transaction valued at about USD 113 million
Bitget2026/09/22 18:11- 2020 Bulkers entered a binding agreement to buy all shares in AHTS AS, targeting up to 15 large AHTS vessels.
- Enterprise value set at USD 264 million for 10 vessels on a debt-free, cash-free basis; equity value estimated at about USD 113 million.
- Consideration to be paid entirely in new shares priced at USD 0.3 each; about 377 million shares expected at completion.
- AHTS AS also secured sell-down commitments for additional vessel-owning project companies; committed stake priced at about USD 90 million, paid in shares.
- Closing targeted around Oct. 1, contingent on a USD 175 million private placement; total new debt targeted at about USD 150 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Citi optimistic about international oil companies: low-cost resource reserves being rebuilt may drive energy sector to reverse a decade-long valuation discount
With oil prices in the mid-$70s range, Citi believes that global international oil companies (IOCs) can deliver a free cash flow yield of 7% to 8%, and achieve a real growth rate of 4% to 5% over a period of time.
Honda Motor (HMC.US) Reports 65.7% Increase in Net Profit in the First Half, Plans to Expand Production Capacity in North America and Brazil
Honda Motor (HMC.US) released its financial results for the first half of fiscal year 2027 on November 10.
Crypto winter not over? Mining rig hosting provider Bitari cancels orders at the last minute, IPO plans put on hold
Bitcoin mining service provider Bitari has withdrawn its Nasdaq IPO plan. The company originally intended to issue 4.3 million shares at $7 per share to raise $30 million. Its annual revenue is approximately $11 million.
Crypto prices
More
