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Stock impact report

Saltchuk Resources, Inc. and Overseas Shipholding Group, Inc. Announce Expiration of Hart-Scott-Rodino Waiting Period for Tender Offer

Overseas Shipholding Group, Inc. Class A (OSG) 
US:NYSE Investor Relations: osg.com/investor-relations
Company Research Source: Business Wire
SEATTLE & TAMPA, Fla.--(BUSINESS WIRE)--Saltchuk Resources, Inc. (“Saltchuk”) and Overseas Shipholding Group, Inc. (NYSE:OSG) (“OSG”) today announced the expiration of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”) with respect to the previously announced cash tender offer by a wholly-owned subsidiary of Saltchuk for all issued and outstanding shares of Class A common stock of OSG at a price of $8.50 per share (the “Offer”). The expiration of the waiting period occurred at 11:59 p.m. on June 25, 2024.The expiration of the HSR Act waiting period satisfies one of the conditions to the consummation of the Offer. Other customary conditions still remain to be satisfied, including, among others, a minimum tender of shares of Class A common stock of OSG representing at least one share more than a majority of the total number of outstanding shares of Class A common stock of OSG. Unless the Offer is extended, the Offer and withdra Show less Read more
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