SBLK - What's Going On With Eagle Bulk Shipping Stock? | Benzinga
Eagle Bulk Shipping Inc. (NYSE: EGLE) shares are trading higher Tuesday after the company announced that it will combine with Star Bulk Carriers Corp. (NASDAQ: SBLK) in an all-stock merger.
What To Know:
Eagle Bulk Shipping and Star Bulk Carriers announced after the market close on Monday that the companies have entered into a definitive agreement to combine in an all-stock merger.
Under the terms of the agreement, Eagle shareholders will receive 2.6211 shares of ...