turnaround

Wärtsilä Integrates Voyage Business With Marine Power To Accelerate Turnaround

  • Wärtsilä will integrate the Voyage business with Marine Power to strengthen end-to-end offering and accelerate turnaround.
  • The President of Wärtsilä Voyage Mr. Sean Fernback will leave the company and he will be succeeded by Mr. Hannu Mäntymaa.

Wärtsilä to integrate Voyage business with Marine Power to strengthen end-to-end offering and to accelerate turnaround, reports Wärtsilä.

Background

Wärtsilä Corporation consolidates its lifecycle offering by combining the Voyage business into Marine...

https://mfame.guru/wartsila-integrates-voyage-business-with-marine-power-to-accelerate-turnaround/

TravelCenters of America goes all-in for $200M loan

TravelCenters of America (NASDAQ: TA) pledged practically all of its assets to secure a $200 million loan to pay for CEO Jonathan Pertchik’s makeover of the business.

It is TA’s second major fundraising effort this year. It sold 6.1 million new shares in the company at $14.61 a share in July after cutting the price by about a third from the original asking price. TA raised about $80.1 million from the sale. 

Buyers of those shares have done well. TA shares closed Monday up 3% at $32.98.

The...

https://s29755.pcdn.co/news/travelcenters-of-america-goes-all-in-for-200m-loan