Danaos corporation announces acquisition of remaining interests in gemini shipholdings corporation

Athens, greece--(business wire)--danaos corporation (the "company") (nyse: dac) today announced that it has exercised its option to acquire the remaining equity interests in its joint venture gemini shipholdings corporation ("gemini"). the purchase price for the 51% of gemini not already owned by the company is $86.7 million in cash, while the net cash outflow for the company will be approximately $72.3 million, which is the purchase price net of $14.4 million of the gemini cash balance on june
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