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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, hedge funds, financial advisors and other financial institutions and investors on their most important merger, acquisitions and takeover transactions.

Star Bulk and OceanBulk to Create the Largest U.S. Listed Dry Bulk Company

Star Bulk Carriers Corp. announced that it has entered into definitive agreements with entities affiliated with Paul, Weiss client Oaktree Capital Management, L.P. and Star Bulk's nonexecutive Chairman, Mr. Petros Pappas, and certain of his immediate family members (Pappas Investors), pursuant to which Oceanbulk Shipping LLC and Oceanbulk Carriers LLC and entities controlled by the Pappas Investors are expected to become indirect wholly owned subsidiaries of Star Bulk in consideration for the issuance to the Oaktree Investors and the Pappas Investors of 54.104 million shares of common stock of Star Bulk.

Upon completion of the transaction, Oaktree will own 61.3 percent of Star Bulk's shares of common stock. The transaction will create the largest, diversified, ultra-modern U.S. listed dry bulk company.

The Paul, Weiss team included corporate partners Neil Goldman, Kenneth Schneider and Lawrence Wee; tax partner Richard Bronstein; environmental counsel William O'Brien; employee benefits partner Andrew Gaines; intellectual property partner Chuck Googe; and real estate partner Salvatore Gogliormella.

June 16, 2014

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