The Online Investor
Shipping M&A image Shipping M&A » By The Online Investor Staff, updated Sun., Sep. 26, 9:58 PM Recent mergers and acquisitions in the Shipping M&A category.

Slide #3. Aegean Marine Petroleum Network Inc. Hess Corporation's U.S. East Coast Bunkering Business

Acquirer: Aegean Marine Petroleum Network Inc. (ANW)
Acquiree: Hess Corporation's U.S. East Coast Bunkering Business (HES)
Details: Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that it has entered into an agreement to acquire the U.S. East Coast bunkering business of Hess Corporation (NYSE: HES). This transaction, for a purchase price of $30 million, plus an amount to be paid for inventory, is subject to customary closing conditions and is expected to be completed during the fourth quarter of 2013.

Aegean Marine Petroleum Network is a holding company. Through its subsidiaries, Co. markets and physically supplies refined marine fuel and lubricants to vessels. As a physical supplier, Co. procures marine fuel from refineries, major oil producers and other sources and resells and delivers these fuels using Co.'s bunkering vessels to a broad base of end users, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, ferries, marine fuel traders, brokers and other users. As of Dec. 31, 2016, Co. owns a fleet of 45 bunkering vessels, all of which are double-hulls, and Co. charters in 13 bunkering vessels, all of which are double-hulls.

Open the ANW Page at The Online Investor »

Aegean Marine Petroleum Network is a holding company. Through its subsidiaries, Co. markets and physically supplies refined marine fuel and lubricants to vessels. As a physical supplier, Co. procures marine fuel from refineries, major oil producers and other sources and resells and delivers these fuels using Co.'s bunkering vessels to a broad base of end users, including oil tankers, container ships, drybulk carriers, cruise ships, reefers, LNG/LPG carriers, car carriers, ferries, marine fuel traders, brokers and other users. As of Dec. 31, 2016, Co. owns a fleet of 45 bunkering vessels, all of which are double-hulls, and Co. charters in 13 bunkering vessels, all of which are double-hulls.

Open the HES Page at The Online Investor »

Company Name: 
Aegean Marine Petroleum Network Inc
Stock buyback: 
ANW buyback
Website: 
www.ampni.com
Sector: 
Oil & Gas Equipment & Services
Company Name: 
Hess Corp
Stock buyback: 
HES buyback
Website: 
www.hess.com
Sector: 
Oil & Gas Exploration & Production
Number of ETFs Holding HES: 
102
Total Market Value Held by ETFs: 
$3.50B
Total Market Capitalization: 
$21.93B
% of Market Cap. Held by ETFs: 
15.97%
 

Quotes delayed 20 minutes


Shipping M&A - Slide 3 of 13 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.