POTENTIAL DEAL DETAILS
Stock | Overseas Shipholding Group, Inc. | Symbol | OSG |
Date Announced | 01/29/2024 | Source | Press Release |
Type | Unsolicited Bid | Acquiring Company/Person | Saltchuk Resources |
Date of Confirmation: | 05/20/2024 | Price at Confirmation: | $8.42 |
Potential Profit: | 30.95% | Annualized Profit: | 100.86% |
Overseas Shipholding Group (OSG), a leading provider of liquid bulk transportation services confirmed that OSG’s Board of Directors received an unsolicited non-binding indication of interest from Saltchuk Resources for $6.25 per share in cash.
Overseas Shipholding Group Investor Relations
Update(s):
May 20, 2024: The acquisition of Overseas Shipholding Group (OSG) by Saltchuk Resources, for a closing value of $950 million. Under the terms of the agreement, Saltchuk will commence a tender offer to acquire all outstanding shares of Overseas Shipholding it does not already own for $8.50 per share in cash.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.