Grindrod Shipping's shares surged 30% as the company plans a buyout of minority shareholders, facing potential challenges for approval. Explore more here.
Shares of Grindrod Shipping Holdings Ltd. (GRIN) are surging more than 26 percent in pre-market on Friday to $13.33, after the company said it plans to seek shareholders' approval for a selective capital reduction exercise.
Grindrod Shipping announces purchase of parent Taylor Maritime's vessel management operations for approximately $11.75 million. Read more on GRIN stock here.
Grindrod reported profitable Q2 results, but faces challenges ahead due to lower TCE rates and concerns over Taylor Maritime's future actions. Read more here.
Let’s kick off with a double bill of ideas from Jefferies funds analyst Matt Hose. First up is Riverstone. Now, I used to own this stock and championed it many moons ago in an FT column. It used to be a targeted private equity fund investing in the US unconventional energy space. Unfortunately the fund…