Eagle Bulk Shipping Inc. (EGLE) announced on Friday that its shareholders have approved the merger agreement between Star Bulk Carriers Corp. and Star Infinity Corp., at the special meeting of shareholders held earlier today.
This merger is set to create a publicly listed dry bulk shipping company with a combined fleet of 169 owned vessels on a fully delivered basis.
Upon the merger's completion around April 9, 2024, each outstanding share of Common Stock will be exchanged for 2.6211 shares of Star Bulk's common stock par value of $0.01 per share, and any cash for fractional shares, as stated in the Merger Agreement.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.