Bear Stearns acquires MC Shipping
MC Shipping Inc. said its shareholders, at a special meeting, approved the acquisition of the company by an affiliate of Bear Stearns Merchant Banking.
Shareholders will be paid $14.25 per share, and the deal is expected to close in five business days.
MC Shipping Inc. is an international shipping company focused on transportation of liquefied petroleum gas.
Headquartered in Monaco with offices in London and Singapore, MC fully or partially owns and operates a fleet of 22 vessels.
Bear Stearns acquires MC Shipping
