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Overseas Shipholding Group (OSG)

Stock (Energy Industry, Shipping Industry, Transportation Industry)

Frontline begins accumulating shares Industry leader Frontline, LTD announces that it has accumulated nearly 10% of OSG's outstanding stock. Rumors of a buyout or acquisition have placed a premium on the stock in the short run OSG sinks after OSG America's IPO OSG, parent to the company OSG America, dropped 1.9% when OSG America's IPO price was only on the lower end of its predicted range. OSG rises, then falls after Q3 Earnings At the beginning of the week news that Q3 earnings beat expectations by over 30% sent the stock rising, while later it was revealed that these earnings actually represented a decline in the growth rate compared to the year before.

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