Monday, May 7, 2007

UPDATE 1-FreeSeas to buy four drybulk carriers for $114 mln

(Reuters) - FreeSeas said the acquisition of the second-hand vessels will add about 110,000 dead-weight tonnes capacity to the 50,000 it currently has.

Shares of the company were up more than 6 percent at $5.24 on the Nasdaq. Earlier in the session, the stock rose about 10 percent.


Read more at Reuters.com Mergers News

No comments: