Marathon Acquisition Corp. Announces Revised Agreement to Acquire Global Ship Lease

Improved Valuation and Higher Charter Rates Lead to Dividend Increase; Company to Hold Conference Call to Discuss Transaction NEW YORK, NY--(Marketwire - July 24, 2008) - Marathon Acquisition Corp. announced that it has entered into an amendment to the Agreement and Plan of Merger for its previously announced merger with Global Ship Lease, Inc., a rapidly growing containership charter owner and the twentieth largest in the industry. Global Ship Lease is currently a subsidiary of CMA CGM of France, the world's third largest container shipping company. The special meeting of stockholders relating to the proposed merger has been rescheduled to August 12, 2008 at 10:00 a.m. ET and will be held at the offices of Akin Gump Strauss Hauer & Feld LLP, 590 Madison Avenue, 22nd Floor, New York, New York. The warrant consent solicitation... [read full story]