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Overseas Shipholding Group Inc. Message Board

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  • mawsii1 mawsii1 Oct 29, 2011 4:54 PM Flag

    FRIBOURG CHARLES A purchased a total of 67.6K shares on 9/29/2011

    Was thinking the same thing however they have signed contracts prohibiting any employee, director, to hedge or short this stock while employed by the co...Both directors have been here for years and very astute...for the amount of stock purchased, it certainly looks like they want to take it private possibly, or combine with a PE group for a take over. The new employment contract for the CEO also states a change in control clause with his options vesting immediately at 22.5 per share...good through 2016...This stock is acting totally opposite of what is happening within the co...except that they are losing money right now due to such low daily rates. But, the rates have been moving up.. good luck, hopefully well get more insight on the CC tuesday

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