OSG Tenders for its US Flag Offspring

Offering OSG America LP Unit Holders $8.00 in cash per unit, Overseas Shipholding Group, Inc. (OSG) announced that it intended to initiate a tender offer for all the outstanding publicly held common units. OSG, through current aggregated holdings, already controls 77.1% of the outstanding equity of OSG America.

“Evercore Partners and BofA Merrill Lynch are acting as financial advisors to OSG. Evercore Vice President Mark Whatley was with Merrill Lynch when OSG America L.P. went public. Whatley is part of the Evercore team, including Senior MD Robert Pacha and Elizabeth Cheever advising OSG now. Although temporarily sidelined on garden

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