OK, I missed this one this morning. OSG America L.P. OSP declared a 2nd quarter distribution of 37.5¢ for the 2nd quarter. The record date is August 7. My first clue was when I looked at the stock price and it was trading for $8.40 per share. Tough to get there when the mother company is making an offer to buy the outstanding shares at $8 per. Add in the pending dividend and you get close to the $8.40. It appears the market believes that OSG will increase their purchase price somewhat.
OSP to pay distribution
OK, I missed this one this morning. OSG America L.P. OSP declared a 2nd quarter distribution of 37.5¢ for the 2nd quarter. The record date is August 7. My first clue was when I looked at the stock price and it was trading for $8.40 per share. Tough to get there when the mother company is making an offer to buy the outstanding shares at $8 per. Add in the pending dividend and you get close to the $8.40. It appears the market believes that OSG will increase their purchase price somewhat.