The New York Entrepreneur

Kirby stock rises as it continues strategic plan for marine transport and distribution units

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Kirby Corp. stock rose 2% in premarket trades Monday after the company said it remains open to opportunities to maximize value after wrapping up a strategic review of its distribution and services business. The Houston company said the market for mergers and acquisitions remains constrained partly because of a higher cost of borrowing to finance deals, but it will continue to weigh “any and all opportunities” for both its marine transport as well as its distribution and services businesses.

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