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News 2026-10-06 12:06 UTC

Torm shares dip 3.2% as Oaktree exits in $253.5 mln secondary offering

US-listed shares of product tanker operator Torm fell 3.2% in premarket trading after a secondary offering of approximately 6.3 million shares, managed by Oaktree Capital Management, priced at $40.05 per share for gross proceeds of about $253.5 million. Oaktree divested its remaining 6.2% stake in the company.

News 2026-09-15 11:18 UTC

Torm Shares Drop Premarket After Secondary Stock Offering Prices

By Robb M. StewartTorm's shares were under pressure after investor OCM Njord Holdings priced an offering of the oil-tanker operator's shares.In premarket trading, Torm's shares were 6.5% lower at $33.05 on Nasdaq.The company said Oaktree Capital Management-owned OCM Njord launched an offering of 9…