Navios Maritime Partners plans to take over sister company Navios Containers in a share transaction that is intended to simplify business and save money.
Shareholders in Navios Containers will get one Navios Partners unit for about every three boxship shares at a significant premium in the takeover deal.
Navios Containers investors will get 39% of each Navios Partners share for each Navios Containers share valued at $4.37
