International Seaways Advances Bruton Acquisition With Shareholder Agreements
International Seaways secured exchange and support agreements with holders of approximately 50.5% of Bruton shares represented by NDRs. The agreements set an exchange ratio of 0.05190 International Seaways shares per Bruton share.
International Seaways advanced its acquisition of Bruton through a coordinated set of agreements. The company secured Exchange and Support Agreements with holders of approximately 50.5% of Bruton shares represented by NDRs, locking voting support and setting an exchange ratio of 0.05190 Internation…