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Golden Ocean to buy 16 dry bulk vessels in cash and stock deal [Seeking Alpha]

GOLDEN OCEAN GROUP (GOGL)  More Company Research Source: Seeking Alpha
Last golden ocean group earnings: 11/21 02:16 am Check Earnings Report
PDF Golden Ocean (NASDAQ: GOGL )  AH after agreeing to acquire 16 modern dry bulk vessels, 14 from subsidiaries of Quintana Shipping and two ice class Panamax vessels from subsidiaries of Seatankers, an affiliate of Hemen Holding, the company's largest shareholder. In connection with the acquisition, GOGL will issue 17.8M shares and assume $285.2M of debt, and launches an equity offering of new shares for gross proceeds of ~$60M. Now read: Golden Ocean Group Limited 2016 Q4 - Results - Earnings Call Slides » [Read more]

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