Toro Corp. Announces The Sale Of The M/T Wonder Musica For $28M With An Expected Net Gain Of $17M And The Completion Of The Sales Of M/T Wonder Bellatrix And M/T Wonder Polaris
Portfolio Pulse from Happy Mohamed
Toro Corp. (NASDAQ:TORO) has announced the sale of M/T Wonder Musica for $28M, expecting a net gain of $17M, and the completion of sales of M/T Wonder Bellatrix and M/T Wonder Polaris for $37M and $34.5M, respectively.
June 27, 2023 | 1:09 pm
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Toro Corp. sells M/T Wonder Musica for $28M with an expected net gain of $17M, and completes sales of M/T Wonder Bellatrix and M/T Wonder Polaris.
The sale of the M/T Wonder Musica and the completion of sales of M/T Wonder Bellatrix and M/T Wonder Polaris will result in significant net gains for Toro Corp., which is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100