{"url":"https://newsforagent.com/news/2026-10-23/navios-extends-tender-offer-series-g-h","markdown_url":"https://newsforagent.com/news/2026-10-23/navios-extends-tender-offer-series-g-h.md","title":"Navios Extends $12 Tender Offer to November 2","headline":"Navios Maritime Holdings Extends $12 Cash Tender Offer for Series G and H ADSs to November 2","description":"Navios Maritime Holdings pushed its $12 cash tender offer for Series G and Series H ADSs to November 2, 2026, after a court order in the Katz Litigation.","section":"Dividends & Buybacks","published_at":"2026-10-23T22:22:48+00:00","modified_at":"2026-10-23T22:22:48+00:00","author":"News Desk","key_takeaways":["Navios Maritime Holdings extended its $12.00 per share cash tender offer for Series G and Series H ADSs to 11:59 p.m. New York City time on November 2, 2026.","About 84,980 Series H ADSs and 5,125 Series G ADSs had been validly tendered and not withdrawn.","The offer is not conditioned on a minimum number of ADSs being tendered or on additional financing."],"companies":[{"name":"Navios","is_primary":true,"profile_url":null,"website":"https://www.navios.com"},{"name":"Georgeson","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0007cwf/georgeson","website":"http://www.georgeson.com/ca-en/about/Pages/default.aspx"},{"name":"Citibank NA","is_primary":false,"profile_url":"https://akta.pro/company-profiles/000czjm/citibank-na","website":"https://www.citigroup.com/global/investors/corporate-governance/citibank-na-boardofdirectors"}],"source":{"publisher":"GlobeNewswire","title":"Navios Maritime Holdings Inc. Extends Tender Offer for Its Series G and Series H American Depository Shares until 11:59 p.m. on November 2, 2026","url":"https://www.globenewswire.com/news-release/2026/10/23/3387624/0/en/navios-maritime-holdings-inc-extends-tender-offer-for-its-series-g-and-series-h-american-depository-shares-until-11-59-p-m-on-november-2-2026.html"},"other_sources":[{"publisher":"The future of trading","url":"https://capital.com/en-int/news/cloudpoint-technology-to-issue-up-to-265-800-000-bonus-warrants"},{"publisher":"The future of trading","url":"https://capital.com/en-int/news/pan-entertainment-completes-krw-1-billion-share-buyback"},{"publisher":"Nate","url":"https://news.nate.com/view/20261023n13945?mid=n0100"},{"publisher":"TradingView","url":"https://www.tradingview.com/news/tradingview:6fa12e702fa13:0-provident-financial-holdings-inc-prov-authorizes-buyback-up-to-5/"}],"tags":["Dividends & Buybacks","Navios","Georgeson","Citibank NA"],"body_markdown":"Navios Maritime Holdings Inc. Extended its tender offer for its Series G and Series H American Depositary Shares to 11:59 p.m. New York City time on November 2, 2026, keeping the price at $12.00 in cash per share, the company said in a [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/23/3387624/0/en/navios-maritime-holdings-inc-extends-tender-offer-for-its-series-g-and-series-h-american-depository-shares-until-11-59-p-m-on-november-2-2026.html) announcement. Navios Holdings owns a controlling equity stake in Navios South American Logistics Inc., an infrastructure and logistics company in the Hidrovia region of South America.\n\n## Navios Keeps $12 Cash Price for Tendered ADSs\n\nThe terms of the offer are unchanged, and holders who tender before the expiration date will receive $12.00 in cash per share, less any applicable withholding taxes. Navios Holdings said it has been advised that approximately 84,980 Series H ADSs and 5,125 Series G ADSs have been validly tendered and not properly withdrawn.\n\nThe company has not paid cash dividends on the Series G ADSs or Series H ADSs since February 2016, and it said the offer gives holders the chance to sell for cash and obtain immediate liquidity. Each Series G ADS represents 1/100th of a share of 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock, and each Series H ADS represents 1/100th of a share of 8.625% Series H Cumulative Redeemable Perpetual Preferred Stock.\n\nThe $12.00 consideration represents a premium of $6.05, or 102%, for the Series H ADSs and $5.37, or 81%, for the Series G ADSs over the volume weighted average price of $5.95 and $6.63 for the period ended October 2, 2026. The offer is not conditioned on any minimum number of Series G ADSs or Series H ADSs being tendered or on any additional financing, though it remains subject to other conditions set out in the Offer to Purchase dated October 9, 2026.\n\n## Katz Litigation Order Set the New Deadline\n\nOn October 21, 2026, the trial court in the Katz Litigation issued an order rejecting the plaintiff's motions and directed Navios Holdings to extend the expiration date of the offer to 11:59 p.m. On November 2, 2026. [Georgeson](https://akta.pro/company-profiles/0007cwf/georgeson) LLC is acting as information agent for the offer, and [Citibank](https://akta.pro/company-profiles/000czjm/citibank-na), N.A. Is acting as tender agent.\n\n## Charter Deals and Moody's Outlook Preceded the Offer\n\nIn May 2026, Navios secured long-term charter deals for two LR2 vessels with Cosco Shipping Energy Transportation, fixed on five-year charters with a combined contract value of nearly $120 million, TradeWinds reported. Also in May 2026, Seeking Alpha described Navios Maritime as trading below net asset value while growing organically, citing a diversified fleet of 149 vessels. In October 2026, TradeWinds reported that Moody's gave a positive outlook on Navios Maritime's charter cover, citing the Greek owner's backlog in three strong markets.\n\n## Buybacks Elsewhere in the Sector\n\nOther companies announced capital-return moves in the same week. Cloudpoint Technology Berhad said it will issue up to 265,800,000 bonus warrants, one for every two existing ordinary shares, with entitlement set for November 10, 2026, [The future of trading](https://capital.com/en-int/news/cloudpoint-technology-to-issue-up-to-265-800-000-bonus-warrants) reported. PAN Entertainment completed a KRW 1 billion share buyback, [The future of trading](https://capital.com/en-int/news/pan-entertainment-completes-krw-1-billion-share-buyback) reported, and CITECH said it will burn 1 billion won of treasury shares, [Nate](https://news.nate.com/view/20261023n13945?mid=n0100) reported. Provident Financial Holdings authorized a buyback of up to 5% of its common stock, [TradingView](https://www.tradingview.com/news/tradingview:6fa12e702fa13:0-provident-financial-holdings-inc-prov-authorizes-buyback-up-to-5/) reported.\n\n## What to Watch Next\n\nThe offer and withdrawal rights are scheduled to expire at 11:59 p.m. New York City time on November 2, 2026. The Depository Trust Company and its participants will set their own earlier cutoff dates and times for receiving tender instructions.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}