When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
OSG - Merger Arbitrage: Overseas Shipholding Group Is In Play And Primed For Multi-Bid Situation
Overseas Shipholding Group Inc. Class A
Overseas Shipholding operates a fleet of 21 ocean vessels that transports crude oil and petroleum products in the United States.
On June 30, 2021, Saltchuk sent a non-binding offer to Overseas Shipholding to purchase the remaining shares they do not already own at $3.00 per share in cash.
Merger Arb appears attractive at current levels with a potential 23.85% annualized return profile - with potential for increased bids.