Saltchuk renews interest in Overseas Shipholding Group with $357m cash offer
Seattle-based transport giant submits non-binding indication of interest for $6.25 per share
Saltchuk has submitted a non-binding indication of interest in acquiring all outstanding shares of Jones Act and US-flag operator Overseas Shipholding Group for $6.25 per share. Saltchuk, which already owns about 21% of OSG’s shares, previously sought to acquire the entity in 2021