Deal Snapshot: Grandunion to Take Over Aries Maritime Transport

Summary


MANAVIGATOR-September 21, 2009-Deal Snapshot: GRANDUNION TO TAKE OVER ARIES MARITIME TRANSPORT (C)2010 M2 COMMUNICATIONS http:// www.m2.com

Greek shipping group Aries Maritime Transport (NASDAQ:RAMS; FRA:A1M) has agreed to issue nearly 19 million shares to Marshall Islands-based Grandunion in exchange for three drybulk carriers as part of a takeover deal.

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Deal Snapshot: Grandunion to Take Over Aries Maritime Transport

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