N Logistics Holdings To Acquire All Outstanding Shares Of Common Stock Of Navios Maritime Holdings Not Already Owned By NLHC For $2.28 Per Share
Portfolio Pulse from Benzinga Newsdesk
N Logistics Holdings has announced plans to acquire all outstanding shares of common stock of Navios Maritime Holdings not already owned by NLHC for $2.28 per share. This follows an offer made by an affiliate of Ms. Frangou on September 13, 2023.
October 23, 2023 | 11:03 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Navios Maritime Holdings' stock may see a short-term increase due to the acquisition announcement by N Logistics Holdings.
Acquisition announcements often lead to a short-term increase in the stock price of the company being acquired. This is due to the perceived increase in value of the company. In this case, N Logistics Holdings' acquisition of Navios Maritime Holdings could lead to a similar increase in NM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100