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StealthGas cancels share offer
StealthGas has cancelled plans for a stock offering announced earlier this week.
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Kalyakan - stock.adobe.com
In a brief statement the company said it would “not proceed with its previously announced public offering of common stock at this time as it is not in the best interests of its stockholders”.
On 9 December the NASDAQ-listed shipowner had announced plans to issue 10m shares with the proceeds to be used for vessel acquisitions and capital expenditure.
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