Aegean Marine (ANW) to Repurchase 11.3M Shares Owned by Dimitris Melissanidis
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Aegean Marine Petroleum Network Inc. to Repurchase 11,303,031 Shares Owned by Dimitris Melissanidis
August 17, 2016 9:00 AM EDTNEW YORK, Aug. 17, 2016 /PRNewswire/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW) ("Aegean" or the "Company") today announced that an independent committee of the Company's Board of Directors has authorized the repurchase of the 11,303,031Â million shares currently owned by Aegean founder Dimitris Melissanidis.
Under the terms of the authorization, the Company will repurchase the shares at a price of $8.81 per share, based on the close of trading on August 16, 2016. The total repurchase represents approximately 22% of Aegean's shares outstanding.
In connection with this announcement, Mr. Melissanidis will step down... More
