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Tale of the Tape  

Top Ships Soars on Buyout Proposal

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September 25, 2008 |Comments: 0
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TOPS

Top Ships Inc (TOPS) entered into exclusive agreement with a Greek ship magnate to consider a sale at $6 per share. The offer price is a premium of more than 57% to Top Ships’ Wednesday close of $3.81. The stock surged nearly 30% to trade at $4.95 in afternoon trade.

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