Overseas Shipholding soars on buyback plan of up to 10 mln shares

Octave Specialty

17/03/2023 13:43

** Shares of oil and gas transportation co Overseas Shipholding Group
 OSG.N  up 4.9% at $3.56
    ** Says its board has authorized a program to purchase up to 10 mln shares
of co's common stock  urn:newsml:reuters.com:*:nTUAC36DQT 
    ** Adds that it intends to fund share repurchase program with excess cash 
    ** OSG stock has risen 17.3% YTD  

 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))