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Stock impact report

Overseas Shipholding Group Confirms Receipt of Unsolicited Indication of Interest [Yahoo! Finance]

Overseas Shipholding Group, Inc. Class A (OSG) 
US:NYSE Investor Relations: osg.com/investor-relations
Company Research Source: Yahoo! Finance
bulk transportation services in the energy industry for crude oil and petroleum products primarily in the U.S. Flag markets, today confirmed that OSG's Board of Directors received an unsolicited non-binding indication of interest from Saltchuk Resources, Inc. ("Saltchuk") for the acquisition of all of the outstanding shares of the Company that Saltchuk does not already own for $6.25 per share in cash. OSG's Board of Directors is committed to acting in the best interests of all stockholders. Consistent with its fiduciary duties, OSG's Board of Directors will be carefully considering and evaluating, in consultation with its financial and legal advisors, this indication of interest in due course. OSG stockholders do not need to take any action at this time. OSG cautions its stockholders and others considering trading in its securities that it has just received Saltchuk's unsolicited indication of interest, and no decisions have been made by the Board of Directors with respect to the Co Show less Read more
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