An announcement from Costamare ( (CMRE) ) is now available.
Costamare Inc. announced its intention to spin off its dry bulk business, Costamare Bulkers, as a separate publicly-traded entity. The company has filed a Form 20-F registration statement with the SEC and plans to list Costamare Bulkers on the NYSE under the ticker symbol ‘CMDB’. The spin-off aims to create a focused entity with its own strategic and financial objectives, although the completion of this transaction is subject to regulatory approvals and board consent. This move could potentially enhance Costamare’s market positioning by allowing it to concentrate on its core container shipping operations.
More about Costamare
Costamare Inc. operates in the shipping industry, focusing on the ownership and management of container and dry bulk vessels. The company is known for its fleet of ships that transport goods across global markets.
YTD Price Performance: -22.70%
Average Trading Volume: 442,837
Technical Sentiment Signal: Buy
Current Market Cap: $1.19B
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