Brazil's OSX considers mergers to 'create shareholder value'

Reuters

SAO PAULO, Oct 17 (Reuters) - OSX Brasil SA, theshipbuilder controlled by tycoon Eike Batista, is consideringcombining with rivals to create value for existing shareholders,according to a securities filing on Thursday.

The company is currently carrying out a review of itsbusiness plan to adapt to its "new reality," and is discussingsuch plan with clients, suppliers, employees and shareholders,the filing said. The company did not mention any potentialpartners in a corporate combination, or the type of merger itwould pursue.

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