BRIEF-Overseas Shipholding Group Enters Into A Definitive Agreement To Be Acquired By Saltchuk Resources, Inc.-March 2024-www.financetom.com

BRIEF-Overseas Shipholding Group Enters Into A Definitive Agreement To Be Acquired By Saltchuk Resources, Inc.

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BRIEF-Overseas Shipholding Group Enters Into A Definitive Agreement To Be Acquired By Saltchuk Resources, Inc.

May 20, 2024 5:40 AM

Overseas Shipholding Group Inc ( OSG ):

* OVERSEAS SHIPHOLDING GROUP ENTERS INTO A DEFINITIVE

AGREEMENT TO

BE ACQUIRED BY SALTCHUK RESOURCES, INC.

* OVERSEAS SHIPHOLDING GROUP INC ( OSG ) - PURCHASE PRICE OF $8.50

PER

SHARE IN CASH

* OVERSEAS SHIPHOLDING GROUP INC ( OSG ): PURCHASE PRICE OF $8.50

PER

SHARE IN CASH

* OVERSEAS SHIPHOLDING GROUP INC ( OSG ) - TRANSACTION VALUED AT

$950

MILLION

* OVERSEAS SHIPHOLDING GROUP INC ( OSG ): TRANSACTION VALUED AT $950

MILLION

* OVERSEAS SHIPHOLDING GROUP INC ( OSG ): PROPOSED DEAL FOR

AGGREGATE

EQUITY VALUE OF APPROXIMATELY $653 MILLION

* OVERSEAS SHIPHOLDING ( OSG ): DEAL WILL BE FUNDED THROUGH

COMMITTED DEBT

FINANCING AND CASH ON HAND

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