Top Ships (TOPS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Top Ships Inc. has expanded its fleet with the acquisition of the 47-meter megayacht ‘PARA BELLUM’ for $20 million, partly funded by existing cash and a secured loan. The newly built yacht, managed by Central Mare Inc., is set to bolster the company’s short-term charter operations. The deal was given the green light by an independent board committee, backed by a third-party fairness opinion.
For further insights into TOPS stock, check out TipRanks’ Stock Analysis page.
