Akin Advises Eagle Bulk Shipping in Multiple Strategic Transactions
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(New York) – Akin advised Eagle Bulk Shipping Inc. in its recently announced an agreement with Oaktree Capital Management to repurchase 3.8 million shares of its common stock, representing Oaktree Capital’s entire ownership stake of approximately 28% in Eagle Bulk Shipping, for a purchase price of approximately $219.3 million, as well as in its adoption of a shareholder rights plan.
Eagle Bulk Shipping is one of the world’s largest owner-operators within the midsize drybulk vessel segment.
More details on the transactions can be found here.
The Akin team was led by special situations & private credit co-leader Dan Fisher and corporate practice co-head Zach Wittenberg, and included partners Jason Koenig, John Clayton and Josh Williams, counsel Peretz Riesenberg and associates Trevor Vega, Mary Kate Thompson, John Hunt and Brady Pedneau.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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