BRIEF-Navios Maritime to acquire four capesize vessels

June 22 (Reuters) - Navios Maritime Holdings Inc: * Announces agreement to acquire four new build capesize vessels with secured long-term employment generating approximately $43.33 million of EBITDA annually * Says issuance of $165.22 million of mandatorily convertible preferred stock * Says $52.82 million reduction in cash requirements for three existing new build capesize vessels ((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

 

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(Source: CNBC)