Eagle Bulk Shipping’s Strategic Merger and Corporate Restructuring
Company Announcements

Eagle Bulk Shipping’s Strategic Merger and Corporate Restructuring

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.

Related Articles
Howard KimEagle Bulk Shipping (EGLE) Q1 Earnings Cheat Sheet
TheFlyStar Bulk Carriers completes merger with Eagle Bulk Shipping
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App