Investors like it.
That was the early takeaway from Navios Maritime Partners’ $835m purchase of parent Navios Maritime Holdings’ 36 bulkers as shares of both New York-listed companies shot up in early trading on Thursday.
The pair soared roughly 15% in the first 30 minutes of trading in New York on elevated turnover.
The gains came after Navios Holdings announced the sale of the bulker fleet after the market close on Wednesday, allowing it to head off concerns about paying an $80m bond maturity next month.
