NM - Navios Maritime Holdings Inc. Announces Completion of Acquisition by N Logistics Holdings Corporation | Benzinga
GRAND CAYMAN, Cayman Islands and PIRAEUS, Greece, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (the "Company") (NYSE:NM) and N Logistics Holdings Corporation ("NLHC"), a company affiliated with the Company's Chairwoman and Chief Executive Officer, Angeliki Frangou, announced today the completion of the transaction contemplated by the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 22, 2023, pursuant to which NLHC acquired all of the outstanding shares of common stock, $0.0001 par value, of the Company not already owned by NLHC ("Common Shares") for $2.28 per share in cash, without interest (the "Merger").
The closing of the Merger follows a special meeting of the Company's stockholders held on December 13, 2023, at which the Company's stockholders voted in favor of the proposal to authorize and approve the Merger Agreement, and the transactions contemplated thereby, including the Merger. In connection with the completion of the Merger, the Common ...