Saltchuk in second attempt to take OSG private

Saltchuk has revived its interest in Overseas Shipholding Group (OSG) after dropping its pursuit of the Tampa-based company in September 2021.

The Seattle-based owner of TOTE and Foss has returned to the New York-listed operator of Jones Act tankers and oil tug barges with a non-binding offer to buy all its outstanding shares for $6.25 per share in cash.

Saltchuk owns about 21% of OSG’s outstanding shares and is the company’s largest shareholder.

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