NMM - Navios Maritime Holdings - Bail-Out Terms To Result In Angeliki Frangou Regaining Full Control Of Her Shipping Empire

• Debt-laden dry bulk shipper is bailed out by CEO and Chairwoman Angeliki Frangou.
• Terms of the bail-out package will likely result in Ms. Frangou regaining full control of Navios Maritime Holdings.
• Going forward, a merger between the company and Navios Maritime Partners is still likely with Ms. Frangou grabbing a large stake in the combined entity.
• Investors should avoid Navios Maritime Holdings' common shares and remain wary of a potential merger with Navios Maritime Partners to the detriment of the partnership's outside common unitholders.

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