Saltchuk Resources to take over Overseas Shipholding Group

Privately owned Saltchuk Resources has agreed to take over the New York-listed operator of Jones Act tankers and oil tug barges, Overseas Shipholding Group (OSG). The deal gives OSG an aggregate equity value of about $653m and a total transaction value of $950m. Saltchuk will acquire all outstanding shares of OSG it does not already …

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