Eagle Bulk Shipping Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Stamford, conn., april 05, 2024 (globe newswire) -- eagle bulk shipping inc. (nyse: egle) (“eagle” or the “company”) today announced that its shareholders voted in favor of (1) a proposal to approve and authorize the previously announced agreement and plan of merger, dated december 11, 2023 (the “merger agreement”), entered into by and among star bulk carriers corp. (“star bulk”), star infinity corp. (“merger sub”) and the company and the merger contemplated thereby (the “merger proposal”) and (2) a proposal to authorize and approve the issuance of shares of the company's common stock, $0.01 par value per share (the “common stock”), issuable upon the potential future conversion of the company's 5...

Stamford, conn., march 01, 2024 (globe newswire) -- eagle bulk shipping inc. (nyse: egle) (“eagle” or the “company”), one of the world's largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter and year ended december 31, 2023.

New orleans--(business wire)--former attorney general of louisiana charles c. foti, jr., esq. and the law firm of kahn swick & foti, llc (“ksf”) are investigating the proposed sale of eagle bulk shipping inc. (nyse: egle) to star bulk carriers corp. (nasdaqgs: sblk). under the terms of the proposed transaction, shareholders of eagle will receive 2.6211 shares of star bulk for each share of eagle that they own. ksf is seeking to determine whether this consideration and the process that led t.

New orleans , jan. 26, 2024 /prnewswire/ -- former attorney general of louisiana charles c. foti, jr., esq.

New orleans--(business wire)--former attorney general of louisiana charles c. foti, jr., esq. and the law firm of kahn swick & foti, llc (“ksf”) are investigating the proposed sale of eagle bulk shipping inc. (nyse: egle) to star bulk carriers corp. (nasdaqgs: sblk). under the terms of the proposed transaction, shareholders of eagle will receive 2.6211 shares of star bulk for each share of eagle that they own. ksf is seeking to determine whether this consideration and the process that led t.

Investors may keep a tab on stocks like KAI, ROST, WM, EGLE and DELL, which have lately hiked their dividend payments.

Houthi attacks on cargo ships have cut Red Sea container traffic by almost 30% since late last year, according to the International Monetary Fund.

A ship owned by Connecticut-based Eagle Bulk was hit by a missile off the coast of Yemen on Monday, according to the dry bulk vessel operator, amid escalating strikes on commercial shipping lanes conducted by Houthi rebels, who have not claimed responsibility for Monday's attack.

Shipping companies enable the transport of raw materials and finished products across oceans and borders. The global marine vessel industry is set to expand over the coming years to reach a market value of $188.57 billion by 2028.

Danaos' strategic investment in Eagle Bulk, initially met with skepticism, has proven highly profitable. Eagle Bulk's merger with Star Bulk Carriers and a surge in dry bulk rates amid the Red Sea blockade have contributed to Danaos' share price rally. Still, significant upside prospects remain from Danaos' core investment case alone.

Shipping stocks are off to a good start in 2024. But to the untrained eye, that may appear strange.

I recently read about Eagle Bulk Shipping Inc.'s (EGLE, Financial) announced acquisition by Star Bulk Carrier's Corp. (SBLK, Financial) in an all-stock merger with a market capitalization of $2.1 billion. Petros Pappas, Star's CEO, will retain his leadership role and Eagle management will assume supporting roles.

Shipping stocks are up on Monday after BP (NYSE: BP ) announced that it will no longer be using shipping routes that travel through the Red Sea. This announcement comes alongside increased attacks from Houthi in the region.

It's been a rough year for Eagle Bulk Shipping stock in 2023, but it's ending on a high note with a merger and a big jump in stock price. Actually, it's more than a merger -- it's a buyout of Eagle by its rival, Star Bulk Shipping.

Eagle Bulk Shipping (NYSE: EGLE ) stock is on the rise Tuesday after the company announced a merger agreement with Star Bulk Carriers (NASDAQ: SBLK ). That deal will have holders of EGLE stock receive 2.6211 shares of of SBLK stock for each share that they own.