Scorpio Bulkers Inc. Announces Pricing of Public Offering of 133,000,000 Common Shares
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Imperial Capital Cuts Price Target on Scorpio Bulkers (SALT) Following an Announced $200mn Equity Offering
June 12, 2015 6:54 AM EDTImperial Capital maintains an Outperform rating on Scorpio Bulkers (NYSE: SALT), and cut the price target to $2.25 (from $3.50), after an announced $200mn equity offering. Analyst Andrew Casella says that the timing of the offering suggests asset price environment is weak, and duration of down-cycle will be... More
Monarch Raises Stake in Scorpio Bulkers (SALT) to 19%, to Meet with Management
June 11, 2015 7:07 AM EDTIn a 13D filing on Scorpio Bulkers (NYSE: SALT), hedge fund Monarch Alternative Capital LP disclosed a 18.86%, or 34,004,850 share, stake in the company. This is up 0.18% from the 33,944,050 shares held at the end of the latest quarter ending March 31, 2015.
From the... More
Scorpio Bulkers (SALT) 133M Offering Prices at $1.50/Share
June 11, 2015 7:03 AM EDTScorpio Bulkers (NYSE: SALT) announced today that it has priced its previously announced underwritten public offering (the "Offering") of 133,000,000 shares of common stock, par value $0.01 per share ("Common Shares") at $1.50 per share. Scorpio Services Holdings Limited and certain of our executive officers have agreed to... More
