International Seaways agrees to acquire Bruton in deal valued at about $370 million
International Seaways agreed to acquire Bruton in transactions valuing the target at approximately $370 million. The deal adds four VLCCs, including newbuildings, to the buyer's diversified fleet of approximately 70 vessels. The initial 50.5% acquisition offers 0.0519 shares per Bruton share, with settlement expected around October 20, 2026. Total consideration includes approximately 3,120,000 shares, representing about 96% of the purchase price, with the remainder payable in cash. The merger for remaining shares is expected to close promptly following Bruton's shareholder vote around October 30, 2026, subject to closing conditions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. International Seaways Inc. published the original content used to generate this news brief via (Ref. ID: 202610160230BIZWIRE_USPR_____20261015_BW920000) on October 16, 2026, and is solely responsible for the information contained therein. (C) Copyrig
International Seaways agreed to acquire Bruton in transactions valuing the target at approximately $370 million. The deal adds four VLCCs, including newbuildings, to the buyer's diversified fleet of approximately 70 vessels. The initial 50.5% acquisition offers 0.0519 shares per Bruton share, with settlement expected around October 20, 2026. Total consideration includes approximately 3,120,000 shares, representing about 96% of the purchase price, with the remainder payable in cash.
The merger for remaining shares is expected to close promptly following Bruton's shareholder vote around October 30, 2026, subject to closing conditions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. International Seaways Inc.
published the original content used to generate this news brief via (Ref. ID: 202610160230BIZWIRE_USPR_____20261015_BW920000) on October 16, 2026, and is solely responsible for the information contained therein. (C)