TBS International, a seaborne global transporter focused on multipurpose dry bulk carriers, sliced its price range by 28% to $11 to $12 per share from $15 to $17 per share. The total shares to be offered remains the same at 8.5 million, however, insiders are now selling 1.5 million shares instead of the originally proposed 3.75 million. Underwriting the deal will be Merrill Lynch and Jefferies. Expect the stock to begin trading on the NASDAQ today under the symbol "TBSI."
