UPDATE: Excel Maritime (EXM) Asked to Comment After Shares Plunge

April 19, 2013 1:20 PM EDT
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(Updated - April 19, 2013 1:24 PM EDT)

Excel Maritime Carriers Ltd. (NYSE: EXM) announced today that it has been contacted by the New York Stock Exchange concerning certain press reports and the high volume of trading in the Company's common shares. The Company's policy is not to comment on market rumors or press reports.

Update: Reports from Dow Jones said the company is nearing a deal with lenders and may file a Chapter 11 petition as soon as the end of this month.

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