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MC Shipping rejects Burke.
(From Lloyds List)
MC SHIPPING has rejected Burke Investments offer of a $27m equity infusion which would have given it control of the liquefied petroleum gas carrier and containership operator, writes Tony Gray.
Burke Investments, a special purpose vehicle chaired by Robert Burke, a former head of GE Capital's shipping division, proposed pumping in the equity in exchange for 9m new shares, or 51%. But MC Shipping's independent committee, which assessed the ...
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