OSG - Overseas Shipholding gets a preliminary non-binding proposal for $3.0 per share

Zhanna Hapanovich/iStock via Getty Images On June 30, 2021, Saltchuk Holdings submitted a preliminary non-binding proposal to the Overseas Shipholding's (OSG) board of directors. In the Proposal, Saltchuk Holdings offered to acquire all of the outstanding shares of the OSG not already owned by the Reporting Persons for $3.00 per share in cash. Any final deal entered into in conjunction with the transaction contemplated by the Proposal would be subject to customary closing conditions and necessary approvals. Shares +27% premarket.

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Overseas Shipholding gets a preliminary non-binding proposal for $3.0 per share