Crowley completes merger with Marine Transport Corporation

by Canadian Shipper

Crowley Maritime Corporation has completed the merger of Marine Transport Corporation with Shiloh Acquisition Inc., a wholly-owned subsidiary of Crowley formed for the purpose of acquiring MTC.

Marine Transport is now a wholly-owned subsidiary of Crowley.

The merger results in the automatic conversion, subject to appraisal rights, of the remaining Maritime Transport shares into the right to receive $7.00 per former Marine Transport share.

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