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0.0263929618768328 0.0263929618768328 0.0234604105571848 0.0351906158357772 0.0161290322580646 0.0117302052785924 0.00293255131964816 0
Stock impact report

Overseas Shipholding Group Announces Share Repurchase Program

Overseas Shipholding Group, Inc. Class A (OSG) 
US:NYSE Investor Relations: osg.com/investor-relations
Company Research Source: Business Wire
TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) today announced that its Board of Directors has authorized a program to purchase up to ten million shares of the Company’s common stock. Sam Norton, OSG’s President and CEO, stated, “Share repurchases remain one of several focus points for use of free cash flow generated by current and anticipated vessel operations. Reauthorization of a share repurchase program by the OSG Board of Directors provides the Company with added flexibility to continuously evaluate opportunities to manage our available cash in manners that we believe will best serve our shareholders.”Under the program, the Company may repurchase shares from time to time in open market transactions (including the use of trading plans under SEC Rule 10b5-1) or in privately negotiated transactions. The timing and amounts of any purchases will be based on market conditions and other factors, such as price, in accordance with a Show less Read more
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