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Stock Market & Financial Investment News

News Breaks
June 2, 2014
07:21 EDTNAT, NAONordic American Offshore files 5.88M share IPO, price range $16-$18
Nordic American Offshore (NAO) announced the commencement of its initial public offering of 5,882,352 common shares. Since November 2013, NAO has been listed on the Norwegian OTC market. The offering price is expected to be between $16.00 and $18.00 per share. Nordic American Tanker (NAT) owns 26% of Nordic American Offshore. Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and DNB Markets, Inc. are acting as joint book-running managers and Global Hunter Securities, LLC is acting as a co-manager for the initial public offering.
News For NAO;NAT From The Last 14 Days
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December 10, 2014
06:24 EDTNAO, NATNordic American Tankers increases ownership of Nordic American Offshore
NAT has increased ownership in NAO to 19.2% the first two days of this week from 18.0% in December 1. The recent aggregate NAT purchase of 488,216 shares in NAO amounts to an investment of $5.8M. The shares were bought at prices ranging from $12.89 to $10.39 per share. NAO has 23,431,370 shares in issue. Nordic American Offshore Ltd. is a separate and independent company of NAT. A subsidiary of NAT is the business manager of NAO as it is for NAT.
December 9, 2014
06:09 EDTNATNordic American Tankers signs agreement to order two $65M Suezmax tankers
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