| Deal Structure and Party Summary | ||
|---|---|---|
| Deal Structure | Public Target Merger | |
| Acquirer | Saltchuk Resources, Inc. | |
| Public | No | |
| Industry | Transportation (airlines, rail, shipping, logistics) | |
| Private equity sponsorship | No | |
| Target | Overseas Shipholding Group, Inc. | |
| Public | Yes | |
| Industry | Transportation (airlines, rail, shipping, logistics) | |
| Private equity sponsorship(s) | No | |
| Key Transaction Characteristics and Terms | ||
|---|---|---|
| Status | Pending | |
| Announcement date | May 20, 2024 | |
| Transaction value | $653 million | |
| Form of consideration | Cash | |
| Type of merger | Reverse Triangular | |
| Tender offer | No | |
| Go-Shop/No-Shop Terms | ||
|---|---|---|
| No-Shop Provision | Yes | |
| Go-shop Provision | No | |
| Transaction Advisors | ||
|---|---|---|
| Seller / Target Counsel | ||
| Law firm #1 | Fried, Frank, Harris, Shriver & Jacobson LLP | |
| Individual attorney(s) |
Philip Richter; Ryan Messier |
|
| Acquirer Counsel | ||
| Law firm #1 | K&L Gates LLP | |
| Individual attorney(s) |
Christopher J. Voss; Michelle R. McCreery |
|
| Seller / Target Financial Advisors | ||
| Financial advisor #1 | Evercore Group L.L.C. | |
| Acquirer Financial Advisors | ||
| Financial advisor #1 | BDT & MSD Partners | |