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SOURCE F5 Capital
HOUSTON, July 9, 2014 /PRNewswire/ -- F5 Capital, which controls hundreds of thousands of Star Bulk Carrier Corp. shares, announced its objections to the "fatally flawed" proposed merger with Oceanbulk, the law firm Smyser Kaplan & Veselka, L.L.P. said today.
F5 Capital advised merger parties of director Hsin-Chi "Nobu" Su's objections in a seven-page letter from legal counsel, Larry R. Veselka, a partner at Houston-based Smyser Kaplan & Veselka, L.L.P.
Mr. Su, whose F5 Capital holds at least 413,599 Star Bulk shares, urges rejection of the proposed Agreement and Plan of Merger, dated June 16, 2014, because F5 contends:
F5 Capital further urges that the special meeting of Star Bulk stockholders, scheduled for July 11, 2014, be postponed so that a truly disinterested committee can be appointed to review the fairness of the proposed merger and misleading statements in the merger proxy statement can be clarified or corrected.
Contact: Larry R. Veselka, Smyser Kaplan & Veselka, L.L.P., Bank of America Center, 700 Louisiana, Suite 2300, Houston, Texas 77002; 713.221.2300; www.skv.com.
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