US-based Crowley Maritime is close to finalising its $48m acquisition of Marine Transport Corp (MTC) after receiving acceptances to its tender offer for 6.1 million shares of common stock in the company at $7 a share.
The shares tendered represent approximately 98% of MTC, whose chief executive and chairman is Richard du Moulin. These include 43,724 shares which are guaranteed to be delivered, Crowley says.
"The
