logo
Share SHARE
FONT-SIZE Plus   Neg

Nordic American Tankers Commences Public Offering Of $87 Mln Common Shares

Nordic American Tankers Limited (NAT) said it is commencing a public offering of $87 million common shares. Chairman and CEO Herbjorn Hansson is expected to buy about $1.5 million worth of common shares

The company has granted the underwriters a 30-day option to purchase up to an additional $13.05 million common shares.

The proceeds are expected to be used to pay for acquisitions under expansion program, including the Nordic Future, and for general corporate purposes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Aircraft maker Bombardier Inc. (BBD_B.TO, BBD_A.TO) Tuesday revealed an agreement with Air Canada for purchase of Landmark C series for up to 75 aircraft. Air Canada has signed a Letter of Intent in February and placed purchase agreement for 45 CS300 aircraft valued at $3.5 billion, with an option for an additional 30 CS300. The total order value, including option is $6.3 billion at list price. The energy companies are required to disclose payments made to governments for the commercial development of oil, natural gas or minerals, according to rules adopted by the Securities and Exchange Commission. A business woman in California has won $10,000 in settlement with Microsoft, after she filed a lawsuit for automatically updating her business computer to Windows 10, making it slow and hard to use, The Seattle Times reported. Teri Goldstein of Sausalito, a travel agent, had filed a suit, stating that the computer at her travel agency business tried to download the upgrade without her consent...
comments powered by Disqus
Follow RTT