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                    [ArticleID] => 297992
                    [Title] => National Maritime offers P185M for 51% of Lorenzo Shipping
                    [Summary] => National Maritime Corp. (NMC) has tendered an offer to buy up to 51 percent of the outstanding common shares of Lorenzo Shipping Corp. (LSC) for P1.20 per share or P185.2 million.


NMC is offering to buy a maximum of 154.35 million shares of LSC. The tender offer will start on Sept. 26 until Oct. 21, 2005.


Prior to the start of the tender offer period, NMC has secured sufficient funds to satisfactorily cover the offer price.


                    [DatePublished] => 2005-09-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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NATIONAL MARITIME CORP

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            [0] => Array
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                    [ArticleID] => 297992
                    [Title] => National Maritime offers P185M for 51% of Lorenzo Shipping
                    [Summary] => National Maritime Corp. (NMC) has tendered an offer to buy up to 51 percent of the outstanding common shares of Lorenzo Shipping Corp. (LSC) for P1.20 per share or P185.2 million.


NMC is offering to buy a maximum of 154.35 million shares of LSC. The tender offer will start on Sept. 26 until Oct. 21, 2005.


Prior to the start of the tender offer period, NMC has secured sufficient funds to satisfactorily cover the offer price.


                    [DatePublished] => 2005-09-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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National Maritime offers P185M for 51% of Lorenzo Shipping

By Zinnia B. Dela Peña | September 22, 2005 - 12:00am

National Maritime Corp. (NMC) has tendered an offer to buy up to 51 percent of the outstanding common shares of Lorenzo Shipping Corp. (LSC) for P1.20 per share or P185.2 million. NMC is offering to buy a maximum...

Business