Cravath, Swaine & Moore LLP Logo
  • Practices
  • People
  • Careers
  • News & Insights
  • Practices
  • People
  • Careers
  • News & Insights
  • Our Story
  • The Cravath System
  • Diversity & Inclusion
  • Pro Bono
  • Alumni Journal
  • 200.Cravath

Cravath’s London Office Moves to 100 Cheapside

Read More

News & Insights

Star Bulk’s $2.1 Billion Combination with Eagle Bulk Shipping

December 12, 2023

On December 11, 2023, Star Bulk Carriers Corp. (“Star Bulk”), a global shipping company focusing on the transportation of dry bulk cargoes, and Eagle Bulk Shipping Inc. (“Eagle”), one of the world’s largest owner-operators within the midsize dry bulk vessel segment, announced that the companies have entered into a definitive agreement to combine in an all-stock merger on a Net Asset Value to Net Asset Value (“NAV”) basis with a pro forma market capitalization of approximately $2.1 billion. Under the terms of the agreement, which was unanimously approved by the boards of directors of both companies, Eagle shareholders will receive 2.6211 shares of Star Bulk common stock for each share of Eagle common stock owned. This represents a total consideration of approximately $52.60 per share, a 17% premium based on Eagle’s closing share price of $44.85 on December 8, 2023. Upon the close of the transaction, Star Bulk and Eagle shareholders will own approximately 71% and 29% of the combined company on a fully diluted basis, respectively. Cravath is representing Star Bulk in connection with the transaction.

The Cravath team is led by partners Jin-Kyu Baek and D. Scott Bennett and includes associates Harold C. King and T. Henley Hopkinson on M&A matters; partners George E. Zobitz and C. Daniel Haaren and associates Kelly N. King, Benjamin B. Arcano and Mary Jean Perzik on financing matters; partners Christopher K. Fargo and Arvind Ravichandran and associate Sonia Katharani-Khan on tax matters; partner Amanda Hines Gold and practice area attorney David Crampton on executive compensation and benefits matters; partner Noah Joshua Phillips, of counsel Jesse M. Weiss and associate Lavinia M. Borzi on antitrust matters; partner John D. Buretta and of counsels Benjamin G. Joseloff and Megan Y. Lew on regulatory matters; senior attorney Annmarie M. Terraciano and associate Star S. Gulant on environmental matters; practice area attorneys Brian M. Budnick and Lauren Piechocki on real estate matters; and associates Carys J. Webb and Joanne Dynak on intellectual property matters. Paul Friedrich also worked on M&A matters and Josh Banafsheha also worked on tax matters.

Related Practices & Industries

  • Corporate
  • Mergers and Acquisitions
  • Banking and Credit
  • Capital Markets
  • Tax
  • Executive Compensation and Benefits
  • Antitrust
  • Environmental
  • Intellectual Property
  • Transportation

People

Photo
Name
Jin-Kyu Baek
Title
Corporate
Title
Partner
Email
jbaek@cravath.com
Phone
+1-212-474-1408
vCard
Download vCard

    Education

    • J.D., 2015, Harvard Law School
    • A.B., 2008, Harvard College
      cum laude

    Admitted In

    • New York
    Name
    George E. Zobitz
    Title
    Corporate
    Title
    Partner
    Email
    jzobitz@cravath.com
    Phone
    +1-212-474-1996
    vCard
    Download vCard

      Education

      • J.D., 1995, New York University School of Law
        with Honors, cum laude
      • B.A., 1991, Franklin & Marshall College

      Admitted In

      • New York
      Photo
      Name
      D. Scott Bennett
      Title
      Corporate
      Title
      Partner
      Email
      sbennett@cravath.com
      Phone
      +1-212-474-1132
      vCard
      Download vCard

        Education

        • J.D., 2006, Emory University School of Law
        • B.A., 2002, Duke University

        Admitted In

        • New York
        Photo
        Name
        C. Daniel Haaren
        Title
        Corporate
        Title
        Partner
        Email
        dhaaren@cravath.com
        Phone
        +1-212-474-1322
        vCard
        Download vCard

          Education

          • J.D., 2012, New York University School of Law
            Order of the Coif, Pomeroy Scholar, magna cum laude
          • B.A., 2009, Duke University

          Admitted In

          • New York
          Photo
          Name
          Christopher K. Fargo
          Title
          Tax
          Title
          Partner
          Email
          cfargo@cravath.com
          Phone
          +1-212-474-1236
          vCard
          Download vCard

            Education

            • J.D., 2006, Columbia Law School
              Harlan Fiske Stone; Michael Lynne Scholar
            • B.A., 2003, Boston College
              Honors Program, cum laude

            Admitted In

            • New York
            Photo
            Name
            Arvind Ravichandran
            Title
            Tax
            Title
            Partner
            Email
            aravichandran@cravath.com
            Phone
            +1-212-474-1033
            vCard
            Download vCard

              Education

              • J.D., 2012, Columbia Law School
              • B.A., 2009, Columbia College

              Admitted In

              • New York
              Photo
              Name
              Amanda Hines Gold
              Title
              Executive Compensation and Benefits
              Title
              Partner
              Email
              agold@cravath.com
              Phone
              +1-212-474-1110
              vCard
              Download vCard

                Education

                • J.D., 2007, Arizona State University
                  magna cum laude
                • B.S., 2001, University of Arizona

                Admitted In

                • New York
                Photo
                Name
                Noah Joshua Phillips
                Title
                Litigation
                Title
                Partner
                Email
                nphillips@cravath.com
                Phone
                +1-202-869-7740
                vCard
                Download vCard

                  Education

                  • J.D., 2005, Stanford Law School
                    Winner, 2005 Marion Rice Kirkwood Moot Court
                  • A.B., 2000, Dartmouth College
                    Phi Beta Kappa, magna cum laude

                  Admitted In

                  • New York
                  • District of Columbia
                  Photo
                  Name
                  Jesse M. Weiss
                  Title
                  Litigation
                  Title
                  Partner
                  Email
                  jweiss@cravath.com
                  Phone
                  +1-212-474-1421
                  vCard
                  Download vCard

                    Education

                    • J.D., 2008, Georgetown University Law Center
                      magna cum laude
                    • B.A., 2003, University of Maryland

                    Admitted In

                    • New York
                    Photo
                    Name
                    John D. Buretta
                    Title
                    Litigation
                    Title
                    Partner
                    Email
                    jburetta@cravath.com
                    Phone
                    +1-212-474-1260
                    vCard
                    Download vCard

                      Education

                      • J.D., 1996, Georgetown University Law Center
                        cum laude
                      • B.A., 1993, University of California, Berkeley

                      Admitted In

                      • New York
                      • District of Columbia
                      Photo
                      Name
                      Benjamin G. Joseloff
                      Title
                      Corporate
                      Title
                      Partner
                      Email
                      bjoseloff@cravath.com
                      Phone
                      +1-212-474-1810
                      vCard
                      Download vCard

                        Education

                        • J.D., 2008, Stanford Law School
                          Pro Bono Distinction
                        • B.A., 2004, New York University
                          Phi Beta Kappa, summa cum laude

                        Admitted In

                        • New York
                        Photo
                        Name
                        Megan Y. Lew
                        Title
                        Litigation
                        Title
                        Of Counsel
                        Email
                        mlew@cravath.com
                        Phone
                        +1-212-474-1428
                        vCard
                        Download vCard

                          Education

                          • J.D., 2010, New York University School of Law
                            cum laude
                          • B.S., 2004, Cornell University
                            magna cum laude

                          Admitted In

                          • New York
                          Photo
                          Name
                          Annmarie M. Terraciano
                          Title
                          Corporate
                          Title
                          Senior Attorney
                          Email
                          aterraciano@cravath.com
                          Phone
                          +1-212-474-1366
                          vCard
                          Download vCard

                            Education

                            • J.D., 1998, Columbia Law School
                              Harlan Fiske Stone Scholar
                            • M.S., 1994, University of Wisconsin - Madison
                            • B.A., 1989, Wellesley College
                              cum laude

                            Admitted In

                            • New York
                            Name
                            David Crampton
                            Title
                            Executive Compensation and Benefits
                            Title
                            Practice Area Attorney
                            Email
                            dcrampton@cravath.com
                            Phone
                            +1-212-474-1358
                            vCard
                            Download vCard

                              Education

                              • J.D., 2020, Cornell Law School
                                magna cum laude
                              • B.S., 2016, Oregon State University

                              Admitted In

                              • New York
                              Photo
                              Name
                              Brian M. Budnick
                              Title
                              Corporate
                              Title
                              Practice Area Attorney
                              Email
                              bbudnick@cravath.com
                              Phone
                              +1-212-474-1914
                              vCard
                              Download vCard

                                Education

                                • J.D., 2011, Benjamin N. Cardozo School of Law
                                  cum laude
                                • B.A., 2006, University of Virginia

                                Admitted In

                                • New York
                                Name
                                Lauren Piechocki
                                Title
                                Corporate
                                Title
                                Practice Area Attorney
                                Email
                                lpiechocki@cravath.com
                                Phone
                                +1-212-474-1875
                                vCard
                                Download vCard

                                  Education

                                  • J.D., 2012, Hofstra University School of Law
                                  • B.A., 2005, Syracuse University
                                    Dean's Scholar Maxwell Citizen Education Conference Scholar, cum laude

                                  Admitted In

                                  • New York

                                  Cravath Bicentennial

                                  Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

                                  Explore

                                  Cravath, Swaine & Moore LLP Logo
                                  • CONTACT US
                                  • OUR STORY
                                  • ALUMNI PORTAL
                                  • DISCLAIMERS & NOTICES

                                  Attorney Advertising. ©2025 Cravath, Swaine & Moore LLP.