{"id":783806,"date":"2023-09-13T12:07:23","date_gmt":"2023-09-13T16:07:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/navios-maritime-holdings-inc-announces-receipt-of-buyout-offer-of-1-84-per-common-share\/"},"modified":"2023-09-13T12:07:23","modified_gmt":"2023-09-13T16:07:23","slug":"navios-maritime-holdings-inc-announces-receipt-of-buyout-offer-of-1-84-per-common-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/navios-maritime-holdings-inc-announces-receipt-of-buyout-offer-of-1-84-per-common-share\/","title":{"rendered":"Navios Maritime Holdings Inc.\u00a0Announces Receipt of Buyout Offer of $1.84 Per Common Share"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">GRAND CAYMAN, Cayman Islands, Sept.  13, 2023  (GLOBE NEWSWIRE) &#8212; Navios Maritime Holdings Inc. (\u201cNavios Holdings\u201d or the \u201cCompany\u201d) (NYSE: NM) today announced that its board of directors received an unsolicited non-binding proposal from N Shipmanagement Acquisition Corp. (\u201cNSC\u201d) to acquire all of the outstanding shares not already beneficially owned by NSC and its affiliates for $1.84 in cash per common share.<\/p>\n<p align=\"justify\">The Company\u2019s board of directors has authorized a Special Committee, consisting solely of independent and disinterested directors, to retain advisors and to review, evaluate, negotiate and accept or reject the proposed transaction. The proposal is non-binding and is subject to the negotiation and execution of mutually acceptable definitive documentation. There can be no assurance that any definitive documentation will be executed or that any transaction will materialize.<\/p>\n<p>\n        <strong>About<\/strong><br \/>\n        <strong>Navios<\/strong><br \/>\n        <strong>Maritime<\/strong><br \/>\n        <strong>Holdings<\/strong><br \/>\n        <strong>Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Navios Maritime Holdings Inc. (NYSE: NM) owns a controlling equity stake in Navios South American Logistics Inc., one of the largest infrastructure and logistics companies in the Hidrovia region of South America and an interest in Navios Maritime Partners L.P., a US publicly listed shipping company which owns and operates dry cargo and tanker vessels. For more information about Navios Holdings, please visit our website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HFJE7NP5hl2x-Avi6btb27_5Vt8F739W3juAY4PIYAhzxR4buqIQXT04_cbewmxRxyXWEjEV2n1Gm2HGE5QDWQ79GnoYE9vPjgw_a8pKJW1m-cJRakXOwi164a0vYOzh_fbWDJlLB6lIrCWKx6rMdTdpJQLwN7PjByQw0Q4JKBwTCJ0jwrLbkBD8lzro5oHEI-DhyQ0Wf0eY6xkWoT0qG-C2G0pIRej1p3ETajV0nEWBG9JgF9FqMKpIiapfyE45\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.navios.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Contact<\/strong>:<\/p>\n<p>Navios Maritime Holdings Inc.<br \/>+1-345-232-3067<br \/>+1.212.906.8643<br \/><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4GCViBWVDmaeFcpZx9w0w3S-vD5NkALeXVvYN2G_IkDypOULQjQtD1G-opoA1EpoL8T4mgbAFXVNaecNxaq7Lgz2TYq_qNg1ATeC3-b-nxY=\" rel=\"nofollow noopener\" target=\"_blank\">investors@navios.com<\/a><\/u><\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODkyMTYxNyM1ODEyNzYxIzIwMDk1Nzg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MzAxYTJjY2UtYjkzMi00YTE1LTgxZmEtNTNlMmU1NWYzNTRmLTEwMjExNTE=\/tiny\/Navios-Maritime-Holdings-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GRAND CAYMAN, Cayman Islands, Sept. 13, 2023 (GLOBE NEWSWIRE) &#8212; Navios Maritime Holdings Inc. (\u201cNavios Holdings\u201d or the \u201cCompany\u201d) (NYSE: NM) today announced that its board of directors received an unsolicited non-binding proposal from N Shipmanagement Acquisition Corp. (\u201cNSC\u201d) to acquire all of the outstanding shares not already beneficially owned by NSC and its affiliates for $1.84 in cash per common share. The Company\u2019s board of directors has authorized a Special Committee, consisting solely of independent and disinterested directors, to retain advisors and to review, evaluate, negotiate and accept or reject the proposed transaction. The proposal is non-binding and is subject to the negotiation and execution of mutually acceptable definitive documentation. There can be no assurance that any definitive documentation &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/navios-maritime-holdings-inc-announces-receipt-of-buyout-offer-of-1-84-per-common-share\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Navios Maritime Holdings Inc.\u00a0Announces Receipt of Buyout Offer of $1.84 Per Common Share&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-783806","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Navios Maritime Holdings Inc.\u00a0Announces Receipt of Buyout Offer of $1.84 Per Common Share - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/navios-maritime-holdings-inc-announces-receipt-of-buyout-offer-of-1-84-per-common-share\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Navios Maritime Holdings Inc.\u00a0Announces Receipt of Buyout Offer of $1.84 Per Common Share - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"GRAND CAYMAN, Cayman Islands, Sept. 13, 2023 (GLOBE NEWSWIRE) &#8212; Navios Maritime Holdings Inc. (\u201cNavios Holdings\u201d or the \u201cCompany\u201d) (NYSE: NM) today announced that its board of directors received an unsolicited non-binding proposal from N Shipmanagement Acquisition Corp. (\u201cNSC\u201d) to acquire all of the outstanding shares not already beneficially owned by NSC and its affiliates for $1.84 in cash per common share. The Company\u2019s board of directors has authorized a Special Committee, consisting solely of independent and disinterested directors, to retain advisors and to review, evaluate, negotiate and accept or reject the proposed transaction. The proposal is non-binding and is subject to the negotiation and execution of mutually acceptable definitive documentation. 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