Hunter Maritime Extends Tender Offer Again

Image Courtesy: Oskar Wehr

The Marshall Islands-based Hunter Maritime Acquisition has extended its tender offer to buy up to 8.23 million of its Class A common shares until 5:00 p.m. New York City time on June 9, 2017.

With a value of USD 0.0001 and a purchase price of USD 10 per share, the Class A common shares are currently listed on the Nasdaq Capital Market.

The offer has been made in connection with the company’s proposed acquisition of five Capesize dry bulk carriers to be purchased in an en bloc transaction from German Oskar Wehr.

Just last week, Hunter Maritime Acquisition managed to reduced the purchase price of the five Capesizes by around USD 6 million.

The company informed that it will be paying USD 133.5 million for the quintet, slightly lower from the initially agreed price of USD 139.4 million.

The vessels in question are MV Charlotte Selmer, MV Greta Selmer, MV Tom Selmer, MV Lene Selmer and MV Hugo Selmer, all of them built by Chinese shipbuilder New Times Shipbuilding.

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