A bargain deal with the US taxman or a $1.4bn sale of its Jones Act fleet could be just the ticket for investors to profit from bankrupt Overseas Shipholding Group (OSG), according to a new report.
OSG’s US flag fleet could be worth $1.375bn to a private equity buyer or $1.535bn if OSG spins it off in a Master Limited Partnership (MLP) offering, bringing a huge upside to holders of OSG’s bonds and equity, claims investment firm Imperial Capital.
The
