Akin Gump Reps Capital Product In $281M Tanker Fleet Buy

Law360, New York (May 5, 2011, 1:40 PM EDT) -- Greek oil tanker fleet owner Capital Product Partners LP said Thursday it would buy Athens-based competitor Crude Carriers Corp. in an all-stock deal that values the target company at $281 million.

The deal is based upon Crude Carriers' $12.99 per share closing price on May 4, the companies said, and the price marks more than a 35 percent premium over that value.

The deal came the same day Capital Product Partners said it would buy another vessel, the M/V Cape Agamemnon, built last year by South...
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