New York-listed Navios on Mondayannounced plans to offload 5.5 million units in a public offering backed by Citigroup, BofA Merrill Lynch, Morgan Stanley, JP Morgan and S Goldman Capital.
Ifall went according to plan and underwriters exercised their option to purchasean additional 825,000 common units the exercise would top $114mif the operator priced shares at $18.13 a piece, the premium paid on Wall Street prior to the 5.07%
