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Toro to acquire $36.25M MR tanker vessel with cash on hand
* Toro Corp. (NASDAQ:TORO [https://seekingalpha.com/symbol/TORO]) agreed to acquire a 2021-built MR tanker for $36.25M.
* The purchase will be funded entirely with existing cash reserves.
* Delivery is expected between Q2 and Q3, 2025.
* The vessel is being acquired from an unrelated third party.
* TORO shares up 1.5% premarket on Wednesday.
* Source: Press release [https://seekingalpha.com/pr/20133478-toro-corp-announces-vessel-acquisition]
MORE ON TORO
* Toro reports Q4 results [https://seekingalpha.com/news/4431295-toro-reports-q4-results]
* Financial information for Toro [https://seekingalpha.com/symbol/TORO/income-statement]
