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Toro Corp. Announces Proposed Spin-Off of its LPG Carrier Business
Source: globenewswire.com
M&A & RestructuringEnergy Markets & PricesTransportation & Logistics
Toro Corp. (NASDAQ: TORO), a global energy transportation-services provider, announced its intention to spin off its LPG carrier business. The planned separation represents a restructuring that could sharpen the company's business focus, although the announcement provides no financial terms, timing, or expected shareholder impact.
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