Saltchuk wraps up takeover of US tanker owner OSG

Saltchuk Resources has completed its takeover of the Jones Act tankers and oil tug barges owner and operator, Overseas Shipholding Group (OSG).  The privately owned Seattle-based company, which also controls TOTE and Foss, has acquired all shares not already owned for $8.50 per share in cash at an enterprise value of about $950m. Saltchuk first …

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