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Stock Market & Financial Investment News

News Breaks
January 30, 2013
05:54 EDTNNANavios Acquisition upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Navios Acquisition citing the company's exposure to product tankers and the potential for dividend raises in 2013 and 2014. The firm raised its price target for shares to $5 from $3.
News For NNA From The Last 14 Days
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April 23, 2015
08:46 EDTNNANavios Maritime, Navios Acquisition, Navios Maritime Partners acquire 14 vessels
Navios Maritime (NM), Navios Maritime Acquisition (NNA) and Navios Maritime Partners (NMM) have executed a binding letter of intent to acquire 14 vessels from debtors of HSH Nordbank AG through a new joint venture. The 14 vessels include seven dry bulkers and seven container vessels with an average age of approximately 4 years. The transaction is expected to close in Q2. The Navios JV will not be consolidated into any of the Navios public entities. The transaction is still subject to certain conditions, and no assurance can be provided that the transaction will be concluded as contemplated, if at all. Navios estimates the purchase price to be paid to HSH will consist of cash and the assumption of a Subordinated HSH Participating Loan.
April 16, 2015
08:33 EDTNNANavios Acquisition chartered out one VLCC, two MR2 product tankers
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