Toro Corp Announces Acquisition Of Two MR Tankers For $45.9M And $37.5M From Unaffiliated Third Parties, Funded With Cash On Hand; Both Delivered
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Why It Matters
Toro bought two oil tanker ships for about $83 million total. When a company spends cash to buy equipment, watch whether those new assets help it earn more money down the road.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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