logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Ten former and current employees of McDonald's Corp. have filed sexual harassment complaints with the federal government against the fast food giant. The women filed the complaints with the U.S. Equal Employment Opportunity Commission or EEOC and are receiving support from Fight for $15, which is organizing the effort. The TIME's UP Legal Defense Fund is covering legal fees for the women. A bill rolling back financial regulations implemented following the 2008 financial crisis is headed to President Donald Trump's desk for his signature after being approved by the House on Tuesday. The House voted 258 to 159 in favor of the Economic Growth, Regulatory Relief, and Consumer Protection... Lowe's Companies, Inc. (LOW) reported first-quarter net earnings of $988 million or $1.19 per share compared to $602 million or $0.70 per share, a year ago. On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $1.27 for the quarter. Analysts' estimates...
Follow RTT