Navios Maritime Partners and Navios Maritime Containers announce definitive merger agreement

Navios Maritime Partners and Navios Maritime Containers announce definitive merger agreement


Navios Maritime Partners LP and Navios Maritime Containers LP have entered into a definitive merger agreement under which Navios Partners will acquire all of the publicly held common units of Navios Containers in exchange for common units of Navios Partners.

Under the terms of the transaction, public unitholders of Navios Containers will receive 0.39 of a common unit of Navios Partners for each outstanding common unit of Navios Containers.

Based on the December 31, 2020 closing price of Navios Partners, this exchange ratio provides public unitholders with consideration valued at $4.37 per common unit of Navios Containers. This value represents a premium of 102.2 percent to Navios Containers’ closing price on November 13, 2020, the last trading day before Navios Partners announced its proposal to acquire all publicly held common units of Navios Containers and a premium of 6.5 percent to Navios Containers’ closing price as of December 31, 2020.

In addition, it represents a premium of 168.1 percent to the 120-day volume weighted average price of the common units of Navios Containers for the period ending December 31, 2020.

The exchange of units of Navios Containers for units of Navios Partners in the transaction is expected to be a tax-free exchange for unitholders of Navios Containers for US federal income tax purposes.

For more information visit www.navios.com

25th January 2021