- Overseas Shipholding Group is currently entertaining a non-binding proposal to be taken private by Saltchuk Holdings, Inc. for $3.00 per share in cash.
- Likelihood of a deal is quite high, considering the attractiveness of Saltchuk's initial offer.
- Saltchuk is OSG's second largest shareholder and indicated it is prepared to deal in effort to reach an agreement.
- A deal could materialize at a higher price per share, making this an attractive event-driven investment opportunity.
For further details see:
Overseas Shipholding Group: $3/Share Offer On The Table; Deal Seems Likely