GSL and Posiedon have agreed to a merger to take place sometime in November. GSL is being valued @ $1.78 a share by Posiedon and receiving over $200mln. With GSL trading at close today at $.95 the upside on the deal alone is great.
But also now take into account the shipper run that has taken place the past couple Novembers and I believe we have a perfect set of...
