Shareholder Alert: Ademi LLP continues to investigate whether Overseas Shipholding Group, Inc. obtained a Fair Price for its Public Shareholders in its recently closed transaction with Saltchuk
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 16 2024
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Source: PRnewswire
- Investigation of Former Board of Directors: Ademi LLP is investigating the former board of directors of OSG for potential breaches of fiduciary duty and other legal violations in a recent transaction with Saltchuk.
- Concerns Over Transaction Details: Shareholders of OSG received $8.50 per share in a recent transaction, prompting concerns about limitations on competing bids and substantial benefits for OSG insiders.
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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Current: 6.310
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Current: 6.310
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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.





