Cases & investigations

Cases & investigations

Overseas Shipholding Group

Kaskela Law LLC is investigating the recently announced buyout of Overseas Shipholding Group, Inc. (NYSE: OSG) (“OSG”) investors on behalf of the company’s shareholders.

On May 20, 2024, USG announced that it had agreed to be acquired by privately owned Saltchuk Resources, Inc. (“Saltchuk”) at a price of $8.50 per share in cash.  Following the closing of the proposed transaction, OSG’s current stockholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.

The investigation thus far has revealed that the process leading up to the announcement of the buyout appears to have significant conflicts of interest, thus making the sales process as well as the price-per-share appear unfair to the company’s shareholders.

OSG shareholders who believe the buyout price is too low are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, for additional information about this investigation and their legal rights and options.

CONTACT:

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750

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