Saltchuk Resources, Inc. and Overseas Shipholding Group, Inc. Announce Expiration of Hart-Scott-Rodino Waiting Period for Tender Offer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2024
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Source: Newsfilter
- Expiration of Waiting Period: Saltchuk Resources and Overseas Shipholding Group announced the expiration of the waiting period under the HSR Act for a cash tender offer.
- Conditions for Offer Completion: The waiting period's expiration is one condition for the completion of the Offer, with other customary conditions still needing to be met.
- Offer Deadline: Unless extended, the Offer and withdrawal rights will expire on July 9, 2024.
- Instructions for Shareholders: Shareholders are receiving instructions to tender shares through Georgeson LLC or their holding institutions.
- Additional Information: Detailed terms and conditions of the Offer are available in documents filed with the SEC, urging OSG stockholders to review them carefully.
Analyst Views on OSG
Wall Street analysts forecast OSG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OSG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About OSG
Octave Specialty Group, Inc. is a global specialty insurance company that builds, buys, and scales niche insurance distribution and underwriting businesses. It provides strategic direction, risk oversight, data and technology solutions, and capital support to MGA businesses operating across the U.S., U.K., and Bermuda. Its build-and-buy strategy is executed by its incubation division, Octave Ventures, and its acquisition division, Octave Partners. At Octave Ventures, it helps specialty underwriters to set up their own company, leveraging its resources. It offers funding, infrastructure, risk capital, and A+ rated paper as well as experienced guidance and support to underwriters looking to launch their own MGAs. Octave Partners identifies high-performing MGAs that would benefit from its partnership and add value to its expanding portfolio. To facilitate growth, it provides expertise, technology, distribution and capacity relationships, expansion and cross-company sales opportunities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
