Pyxis Tankers Entered Agreement With Group Of Sellers To Acquire Kamsarmax Vessel For $30M; Co. Also Increased Share Repurchase Authority By $1M
Portfolio Pulse from Benzinga Newsdesk
Pyxis Tankers has entered into an agreement to acquire a Kamsarmax vessel for $30 million and has increased its share repurchase authority by $1 million.
May 21, 2024 | 12:10 pm
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Pyxis Tankers has entered into an agreement to acquire a Kamsarmax vessel for $30 million and has increased its share repurchase authority by $1 million.
The acquisition of a new vessel can enhance Pyxis Tankers' operational capacity and revenue potential. Additionally, increasing the share repurchase authority signals confidence in the company's financial health, which can positively impact investor sentiment.
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