Blackstone- and Cerberus-backed American Petroleum Tankers withdraws IPO

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American Petroleum Tankers Partners LP, which provides seaborne transportation of refined petroleum products and crude oil, withdrew its plans for an initial public offering on Friday. The company did not give a reason for the withdrawal. The Plymouth Meeting, PA-based company was founded in 2010 and booked $96 million in sales for the 12 months ended June 30, 2013. American Petroleum Tankers initially filed confidentially on August 26, 2013. BofA Merrill Lynch, Barclays, Credit Suisse, UBS Investment Bank and Wells Fargo Securities were set to be the joint bookrunners on the deal.

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This article appears in: News Headlines , IPOs

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