Shipping - Oil & Gas Tankers, Dry cargo, LNG Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Shipping - Oil & Gas Tankers, Dry cargo, LNG

GLNG 41.05

+1.4%

Oct 31 9:30 AM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Senior who wrote (2568)	9/30/2024 8:46:09 PM
From: Julius Wong	of 2659

Greek shipping magnate George Economou increases his recent efforts to gain control of Performance Shipping. After commencing a proxy battle last month, Mr. Economou launched a cash tender offer to acquire all of the company's outstanding common stock at a price of $3.00 per share. However, the offer is highly conditional and essentially requires the company to hand over control to Mr. Economou rather than defending against the unsolicited approach. With Chairwoman Aliki Paliou and her spouse, CEO Andreas Michalopoulos, controlling approximately 90% of the voting rights, I do not see a viable path forward for Mr. Economou to gain control of Performance Shipping. seekingalpha.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next