Excel Maritime Carriers Ltd to Acquire Quintana Maritime Limited: Market Wire Business News: QMAR - MSN Money

Excel Maritime Carriers Ltd to Acquire Quintana Maritime Limited: Market Wire Business News: QMAR - MSN Money



Excel Maritime Carriers Ltd (Excel) (NYSE: EXM) and Quintana Maritime Limited (Quintana) (NASDAQ: QMAR) jointly announced today that Excel has agreed to acquire Quintana pursuant to a definitive merger agreement whereby Quintana would become a wholly owned subsidiary of Excel. Excel will pay $13.00 per share in cash per share of Quintana common stock and 0.4084 shares of Excel Class A common stock per share of Quintana common stock.

we have another stock deal!!! look to short qmar 10-15minutes after the open if qmar falls below it opening price. just like yesterdays deal we are looking for the stocks to trade in tandem. ***this is not a recommendation to trade a stock. to many things can happen between now and the open in 50 minutes. always check with a professional before trading. you may not be suitable for this type of trade. -st0ckman