DUBAI, Jan 7 (Reuters) – Dubai-headquartered shipping company United Arab Chemical Carriers has entered into a merger agreement to be acquired by United Overseas Group, the two companies said on Thursday.
The transaction will be structured as a reverse triangular merger and expected to close in the first quarter, they said in a joint statement. (Reporting by Hadeel Al Sayegh. Writing by Alexander Cornwell. Ediitng by Mark POtter)
