Overseas Shipholding Group (OSG) will keep exploring opportunities after Saltchuk Resources declined to move forward with its takeover efforts.
On Thursday, the Jones Act tanker outfit said it would press on with the strategic process announced in July alongside Saltchuk's $3 per share offer to take the New York-listed company private.
"The company’s board of directors has not set a timetable for the strategic process, nor has it made any decisions related to strategic alternatives," OSG said.
