Navios Maritime to Acquire NLHC for USD 2.28/Share in Cash.

MANews-(C)2009-2023

Cayman Islands-based N Logistics Holdings Corp. (NLHC) has agreed to acquire all outstanding shares of common stock of Greek Navios Maritime Holdings Inc. (NYSE: NM) for USD2.28 per share in cash, the company said.

The Agreement follows the offer made by an affiliate of Frangou on September 13, 2023 to acquire the common shares.

The USD 2.28 per share price represents a premium of approximately 43% to the closing price of the company's common stock on September 12, 2023, the last trading day before the company's announcement of the September 13th offer.

Latham & Watkins LLP acted as legal advisor and Jefferies LLC acted as financial advisor to the Special Committee. Fried, Frank, Harris...

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