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Stock Market & Financial Investment News

News Breaks
June 12, 2014
09:36 EDTNAONordic American Offshore opens at $14.00, IPO priced at $16.00
Nordic American Offshore (NAO) priced 5.882M shares at $16.00. Morgan Stanley, Credit Suisse, JPMorgan and DNB Markets acted as joint book running managers for the offering.
News For NAO From The Last 14 Days
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September 18, 2014
06:02 EDTNAONAO chairman says company in 'excellent position to grow accretively'
In a letter to shareholders, Nordic American Offshore chairman Herbjørn Hansson said, "NAO is in an excellent position to grow accretively. After an acquisition of vessels the company shall be able to pay a higher dividend per share and produce higher earnings per share than had such acquisitions not taken place. We are actively looking for acquisition opportunities that fit in with our high-specification fleet. I am hopeful that NAO will grow significantly in the coming years while generating strong total returns."

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