Eagle: Drewry: Star Bulk and Eagle Bulk combine to create the biggest US-listed dry bulk shipping company

Star Bulk Carriers (SBLK) and Eagle Bulk Carriers (EGLE) have announced an agreement to merge in an all-stock deal. The stock transaction will happen on a NAV-to-NAV basis, resulting in a proforma market capitalisation of USD 2.1bn (as of 08 December). Eagle Bulk shareholders will receive 2.6211 Star Bulk shares per share of Eagle, representing ...