M&A
confidence high
sentiment neutral
materiality 0.60
International Seaways closes on two MR product carriers; issues 210,130 shares
International Seaways, Inc.
- Acquired two 2014/2015-built MR Product Carriers on May 7 and May 9, 2024.
- Consideration paid in cash and 210,130 shares of common stock to Wayzata Opportunities Fund III.
- Shares issued as private placement under Section 4(a)(2) and later registered for resale via S-3.
- Part of previously announced $232M acquisition of six vessels; remaining four expected by Q2 2024 end.