Liberty Shipping Discloses $25.75/Share Offer for International Shipholding (ISH)
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Liberty Shipping Group LLC sent a letter to the International Shipholding Corporation (NYSE: ISH) Board of Directors proposing to acquire all of the outstanding shares of International Shipholding common stock for $25.75 per share in cash.
Liberty's all-cash proposal represents a 27% premium over the closing price of International Shipholding on August 29, 2008, the last trading day prior to public disclosure of Liberty's proposal.
In the past, International Shipholding said it was not interested in a deal with Liberty.
Liberty's all-cash proposal represents a 27% premium over the closing price of International Shipholding on August 29, 2008, the last trading day prior to public disclosure of Liberty's proposal.
In the past, International Shipholding said it was not interested in a deal with Liberty.
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