Navios Maritime Holdings Inc. Announces Completion of Acquisition by N Logistics Holdings Corporation

GRAND CAYMAN, Cayman Islands and PIRAEUS, Greece, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Navios Maritime Holdings Inc. (the “Company”) (NYSE: NM) and N Logistics Holdings Corporation (“NLHC”), a company affiliated with the Company’s Chairwoman and Chief Executive Officer, Angeliki Frangou, announced today the completion of the transaction contemplated by the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of October 22, 2023, pursuant to which NLHC acquired all of the outstanding shares of common stock, $0.0001 par value, of the Company not already owned by NLHC (“Common Shares”) for $2.28 per share in cash, without interest (the “Merger”).

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