Represented Athens, Greece-based Star Bulk Carriers Corp. (NASDAQ:SBLK) in connection with its $634.91 million acquisition of 34 operating drybulk carriers from Excel Maritime Carriers Ltd.
In August, 2014, Athens, Greece-based Star Bulk Carriers Corp. (NASDAQ:SBLK) announced an agreement to acquire 34 operating drybulk carriers from Excel Maritime Carriers Ltd. in a series of vessel closings commencing in August and expected to be completed by the end of 2014. The $634.91 million aggregate consideration for those vessel purchases will consist of 29.917 million shares of Star Bulk common stock and $288.39 million in cash. The transaction enhances Star Bulk’s position as the largest U.S. listed drybulk shipping company with a fleet of 103 vessels on a fully delivered basis. A Seward & Kissel team led by partners Jim Abbott, Derick Betts, Robert Lustrin, Michael Timpone and John Imhof, counsel Nick Katsanos and associates Keith Billotti, Evan Preponis, Denise Mazzeo, Kurt Plankl, Hoyoon Nam and Oded Cedar represented Star Bulk in connection with this transaction.