Tradewinds: Bear Stearns to Buy MC Shipping

“Tradewinds reported that Bear Stearns has made a $284 million all cash offer for MC Shipping. At $14.25 per share, the offer represents a 19.6% premium to MC Shipping’s closing price. “MC Shipping’s financial advisor in the merger agreement was DnB Nor with HSBC Securities and Poten Capital Services acting for Bear Stearns Merchant Banking.”