Market Overview

UPDATE: Deutsche Bank Terminates Coverage on Overseas Shipholding Group

Related OSG
Capital Product Partners Reaches Deal to Assign Claims Against Overseas Shipholding
Frontline Poised For a Comeback?

In a report published Wednesday, Deutsche Bank terminated its coverage on Overseas Shipholding Group (NYSE: OSG).

Deutsche Bank noted, “Prior to the open this morning, OSG filed for Chapter 11 bankruptcy protection in Delaware, where the parent company is incorporated. OSG stated it will use the bankruptcy process to reduce its debt and financial obligations. Given this morning's bankruptcy filing, we are discontinuing our coverage of OSG effective immediately.”

Overseas Shipholding Group closed on Tuesday at $1.13.

Posted-In: Deutsche BankAnalyst Color Termination Analyst Ratings

 

Most Popular

Related Articles (OSG)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free