---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-020533"
form_type: "8-K"
ticker: null
cik: "0000075208"
company_name: "OVERSEAS SHIPHOLDING GROUP INC"
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T13:44:48.982875+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# OSG to be acquired by Saltchuk for $8.50/share in cash; valued at $950M

## Summary
- Offer price of $8.50/share represents a 44% premium to OSG's Jan 26 closing price and 61% to 30-day VWAP.
- Transaction valued at $950M total; funded via committed debt and cash, no financing condition.
- Tender offer to commence within 15 business days; closing expected in next few months.
- Saltchuk already owns 21.1% of OSG; post-close OSG will operate as a standalone unit.
- Executives Norton, O'Halloran, Mote, Allan agreed not to claim 'Good Reason' due to going private.

## SEC filing metadata
- accession: 0001493152-24-020533
- form_type: 8-K
- cik: 0000075208
- company_name: OVERSEAS SHIPHOLDING GROUP INC
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/75208/000149315224020533/0001493152-24-020533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/75208/000149315224020533/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-020533
- JSON: https://secwatch.observer/filing/0001493152-24-020533.json
- Plain text: https://secwatch.observer/filing/0001493152-24-020533.txt

## Key facts
- Material Agreements
  OVERSEAS SHIPHOLDING GROUP INC entered into Merger Agreement with Saltchuk Resources, Inc. and Seahawk MergeCo., Inc. (effective 2024-05-19).
  - Action: entry
  - Agreement: merger
  - Counterparty: Saltchuk Resources, Inc. and Seahawk MergeCo., Inc.
  - Effective: 2024-05-19
  source text: On May 19, 2024, Overseas Shipholding Group, Inc. (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Saltchuk Resources, Inc. (“Saltchuk”) and Seahawk MergeCo., Inc., a wholly owned subsidiary of Saltchuk (“Merger Sub”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/75208/000149315224020533/0001493152-24-020533-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.