Edition:
United States

Scorpio Tankers Inc (STNG.N)

STNG.N on New York Stock Exchange

4.20USD
23 May 2017
Change (% chg)

$0.04 (+0.96%)
Prev Close
$4.16
Open
$4.21
Day's High
$4.22
Day's Low
$4.15
Volume
205,899
Avg. Vol
618,892
52-wk High
$5.98
52-wk Low
$3.50

Latest Key Developments (Source: Significant Developments)

Scorpio Tankers to merge with Navig8 Product Tankers
Tuesday, 23 May 2017 04:30pm EDT 

May 23 (Reuters) - Scorpio Tankers Inc :Scorpio tankers inc. Announces merger agreement with navig8 product tankers inc. And the launch of a concurrent public offering of common shares.Scorpio tankers inc - in connection with lr1 vessel acquisitions, scorpio will pay cash consideration of $42.2 million.Scorpio tankers inc - launch of an underwritten public offering of up to $200.0 million of its shares of common stock.Scorpio tankers inc - net proceeds of offering are expected to be used to provide cash to further strengthen co's balance sheet and enhance liquidity.Scorpio tankers inc - cash consideration in connection with lr1 vessel acquisitions is net of assumed debt.Scorpio tankers inc - cash consideration expected to remain with navig8 through closing and will form part of balance sheet of combined company.Scorpio tankers inc - proceeds of offering are also expected to be to fund purchase price of lr1 vessel acquisitions.Scorpio tankers inc - merger has been unanimously approved by board of directors of scorpio.Scorpio tankers inc - consideration for deal reflects a total equity value for navig8 of approximately $228.8 million.Scorpio tankers inc - consideration for deal reflects total enterprise value of approximately $1.1 billion, including assumption of debt.Scorpio tankers inc - through merger, scorpio is acquiring an operating fleet of 27 eco-design product tankers.  Full Article

Scorpio Tankers announces an agreement to sell two Mr Product tankers
Monday, 8 May 2017 06:33am EDT 

May 8 (Reuters) - Scorpio Tankers Inc ::Scorpio Tankers Inc announces an agreement to sell two Mr Product tankers.Scorpio Tankers Inc - deal for approximately $56.4 million.Scorpio Tankers - sales are expected to close in June 2017 at which time co will repay outstanding secured debt for vessels of $27.6 million in aggregate.Scorpio Tankers Inc - will record a write-down of approximately $9.3 million during Q2 of 2017 in connection with entry into agreement.Scorpio Tankers Inc - agreement with an unrelated third party to sell two of its 2013 built mr product tankers.  Full Article

Scorpio Tankers Inc reports Q1 loss per share $0.07
Wednesday, 26 Apr 2017 04:10pm EDT 

April 26 (Reuters) - Scorpio Tankers Inc : :Scorpio Tankers Inc announces financial results for the first quarter of 2017 and declaration of a quarterly dividend.Q1 loss per share $0.07.Q1 adjusted loss per share $0.07 excluding items.Q1 earnings per share view $-0.10 -- Thomson Reuters I/B/E/S.Scorpio Tankers Inc - qtrly vessel revenue $122.8 million versus $165.1 million last year.  Full Article

Scorpio Tankers announces pricing of $50 mln senior unsecured notes due 2019
Tuesday, 28 Mar 2017 06:58pm EDT 

Scorpio Tankers Inc : Scorpio Tankers Inc. announces pricing of $50 million senior unsecured notes due 2019 .Notes will bear interest at a rate of 8.25% per year.  Full Article

Scorpio Tankers Inc announces public offering of senior unsecured notes
Tuesday, 28 Mar 2017 09:27am EDT 

Scorpio Tankers Inc : Scorpio Tankers Inc announces public offering of senior unsecured notes due 2019 and commencement of cash tender offer for outstanding 7.50pct senior unsecured notes due 2017 .Scorpio Tankers-to use proceeds from new notes offering to fund tender offer for existing notes, repay existing notes not repurchased in tender offer.  Full Article

Scorpio Tankers says Scorpio Services Holding bought company's shares in open market
Tuesday, 21 Feb 2017 06:30am EST 

Scorpio Tankers Inc :Scorpio Tankers - Scorpio Services Holding Limited purchased aggregate of 425,000 common shares of co in open market at average price of $4.29/share.  Full Article

Scorpio Tankers posts Q4 loss per share $0.18
Monday, 13 Feb 2017 07:54am EST 

Scorpio Tankers Inc : Scorpio Tankers Inc announces financial results for the fourth quarter of 2016 and declaration of a quarterly dividend . Q4 loss per share $0.18 . Q4 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S .Qtrly TCE revenue decreased $72.5 million to $105.6 million.  Full Article

Scorpio Tankers announces commitment for new $172 mln credit facility for 8 MR product tankers under construction
Thursday, 19 Jan 2017 07:48am EST 

Scorpio Tankers Inc : Scorpio Tankers Inc announces a commitment for a new $172 million credit facility for its eight MR product tankers under construction . Scorpio Tankers - loan facility will be used to finance up to 60% of market value of eight MR product tankers under construction .Scorpio Tankers Inc says maturity date of each tranche is between six and 12 years from each drawdown date.  Full Article

Scorpio Tankers Q2 EPS $0.02
Thursday, 28 Jul 2016 08:00am EDT 

Scorpio Tankers Inc : Scorpio Tankers Inc says board of directors declared a quarterly cash dividend of $0.125 per share . Scorpio tankers inc. Announces financial results for the second quarter of 2016 and declaration of a quarterly dividend . Q2 earnings per share $0.02 .Q2 earnings per share view $0.03 -- Thomson Reuters I/B/E/S.  Full Article

Scorpio Tankers buys around 657,154 shares for about $4.23/shr
Friday, 1 Jul 2016 09:04am EDT 

Scorpio Tankers Inc : Scorpio Tankers Inc announces purchase of common shares .Purchased an aggregate of 657,154 common shares of company at an average price of $4.23 per share in open market.  Full Article

More From Around the Web

BRIEF-Scorpio Tankers to merge with Navig8 Product Tankers

* Scorpio tankers inc. Announces merger agreement with navig8 product tankers inc. And the launch of a concurrent public offering of common shares