Navios Maritime Containers to merge with Navios Maritime Partners in a $323m deal.

Navios Maritime Containers, a provider of marine transportation services, agreed to merge with Navios Maritime Partners, an operator of dry cargo vessels, in a $323m deal. The transaction is expected to simplify the capital and organizational structure, create significant savings in public company costs; reduce cost of capital, by increasing trading liquidity, float and access to the capital markets; build scale through a larger, diversified asset base capable of generating increased earnings capacity; enhance credit profile by increasing cash retention to support growth and deleveraging, increase collateral value to assist in refinancing debt maturities and provide all public unitholders of Navios Containers with the opportunity to continue to participate in the combined company.