With only 38% of the outstanding public warrants tendered (2% for cash) as of the close of business Monday, Navios Maritime Acquisition Corporation announced a five day extension of the program and amended its terms to waive the condition that at least 15% of the outstanding warrants be exercised for cash. The requirement that at least 75% of the 25.3 million outstanding public warrants be exercised remains in place.
This is only an excerpt of Cool Reception – Navios Extends Offer
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Tags: · Angeliki Frangou, Navios Maritime Acquisition Corporation, Navios Maritime Holdings
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