Transportation
- Article Tools
- Email this Article
- Print this Article
- Rss Feed
- Related Articles
- Airlines Bring Back Saturday-Night Stays
- Charges Batter YRC Worldwide
- Alaska Air Loss Widens
- Del.icio.us
- Digg
- StumbleUpon
Just a week after saying it had ended its attempt to sell itself, Quintana Maritime (QMAR - Cramer's Take - Stockpickr) has agreed to be acquired by Excel Maritime Carriers (EXM - Cramer's Take - Stockpickr) in a deal that will combine two Greece-based dry bulk cargo shippers. Excel will pay $13 in cash and 0.4084 shares of Class A common stock for each share of Quintana. That values Quintana at $26.48 a share, a 57% premium to its Monday close. The agreement was approved by the boards of both companies. The total transaction value will be around $2.45 billion, including assumed net debt and other costs. Shares of Quintana were jumping 32% to $22.34 in premarket trading Tuesday. Excel was down 5.5% at $31.20.
01/28/08
Airlines Bring Back Saturday-Night Stays
Continental, Delta and United have reinstated the unpopular restriction in some of their markets.
01/28/08
Charges Batter YRC Worldwide
Shares fall after its results.
01/24/08
Alaska Air Loss Widens
Revenue rises 8%.
08/05/08
Three Internet Stocks That Could Double
These forgotten Internet stocks are being accumulated by hedge funds.
08/15/08
The Five Dumbest Things on Wall Street
Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...
08/15/08
McCain Fund-Raising Picks Up
The GOP presidential candidate raised $27 million in July.
08/15/08
Cash-Back Cards Aren't Money in the Bank
Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.
More popular tickers are indicated by scale.
Sponsored by:
RSS
