Ship Finance in discussion to buy car carriers

Ocean

Wednesday, October 03, 2012

Ship Finance International Ltd. (SFI) said Tuesday it expects to close on the sale of 6 million common shares in a secondary offering this Friday. On Monday the closing price of SFI's common shares on the New York Stock Exchange was $16 per share. On Tuesday they closed at $14.98 per share, making 6 million shares worth about $90 million. SFI owns ships and oil rigs, many operated by companes affiliated with shipping magnate John Fredriksen. Fredriksen's companie...

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