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An announcement from Eagle Bulk Shipping (EGLE) is now available.
Eagle, Star Bulk, and Deutsche Bank Trust Company Americas finalized an agreement amending Eagle’s Convertible Senior Notes due to a merger, resulting in changes to the notes’ conversion rights and Star Bulk guaranteeing Eagle’s obligations. The merger turned Eagle into a Star Bulk subsidiary, with Eagle’s stock converting into Star Bulk shares and all Eagle directors and officers being replaced by those from Merger Sub. Additionally, Eagle’s CEO reached a separation agreement with benefits, including a lump sum payment and accelerated equity award vesting. The merger also led to the adoption of Merger Sub’s certificate of incorporation and bylaws for Eagle.
For an in-depth examination of EGLE stock, go to TipRanks’ Stock Analysis page.