International Seaways Agrees to Buy Bruton in $370 Million Deal
The acquisition would add Bruton's four very large crude carrier vessels to International Seaways' fleet.
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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 a