Overseas Shipholding Group (OSG) Announces Off-Market Share Repurchase
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Overseas Shipholding Group Announces Off-Market Share Repurchase
August 28, 2023 8:45 AM EDTTAMPA, Fla.--(BUSINESS WIRE)-- Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) today announced that it has agreed to purchase 3,788,639 shares of the Companys common stock from entities managed by Cyrus Capital Partners, L.P. at a price of $4.05 per share for a total consideration of $15,343,987.95 in a privately negotiated transaction. The purchase is expected to be completed today and will be paid out of OSGs available cash. The closing price of OSG common stock in composite trading on August 25, 2023 was $4.01. The purchase is not part of the previously announced... More
