Eagle Bulk follow-up offer still fails to excite Wall Street bulls. (31-OCT-05) Europe Intelligence Wire

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Eagle Bulk follow-up offer still fails to excite Wall Street bulls.

Publication: Europe Intelligence Wire

Publication Date: 31-OCT-05

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(From Lloyds List)

Byline: Price cut by 15% and number of shares reduced as malaise continues, writes Rajesh Joshi in New York

THE glass remains half full in shipping initial public offerings, with Eagle Bulk's follow-on offering undergoing a 15% cut.

The Nasdaq handymax bulk operator has closed its deal at $14.50 a share instead of $17 originally envisaged and cut the number of shares sold...

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