NEW YORK (Thomson Financial) - Quintana Maritime Ltd. Tuesday said its board
was concluding a previously-announced strategic sales process because no
evaluated proposal was considered financially or contractually attractive.
The company said it would continue as an independent publicly-traded company
for the time being.
The sales process was announced on Oct. 16 by the Athens-based marine
transportation company. The company said it would evaluate alternatives in order
to raise money.
Shares of Quintana closed Friday at $15.65.
Ryan Vlastelica
rv/vj
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