Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes has completed its merger with Eagle Bulk Shipping Inc., reads an official release.
Under the terms of the merger agreement, each Eagle shareholder received 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned. Eagle common stock has ceased trading and will no longer be listed on the New York Stock Exchange.
Petros Pappas, Chief Executive Officer of Star Bulk, said, “