Star Bulk (NASDAQ:SBLK) finalizes merger with Eagle Bulk Shipping, expands board and leadership team
Star Bulk Carriers Corp. (NASDAQ:SBLK), a global shipping company, has announced the completion of its merger with Eagle Bulk Shipping, signaling a major consolidation in the dry bulk sector.
Under the agreement, Eagle shareholders will be compensated with 2.6211 shares of Star Bulk common stock for each share they held, leading to the delisting of Eagle's stock from the New York Stock Exchange.
With the successful finalization of the merger, Gary Weston has joined the Board of Directors at Star Bulk.
Further appointments in leadership and advisory roles have also been made to guarantee seamless consolidation of the merging companies.
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