Eagle Bulk takes its fifth Scorpio ultramax in cash plus shares deal

US-based owner Eagle Bulk has acquired the 2017-built ultramax bulker from Monaco’s Scorpio Bulkers in a cash plus shares deal. The sale will close during the second quarter of 2021, and Scorpio will receive $15m for the vessel as well as a warrant for 212,315 common shares of Eagle Bulk. To sell the vessel, Scorpio …

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