International Seaways, Inc.
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INTERNATIONAL SEAWAYS MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF INTERNATIONAL SEAWAYS, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – INSW
March 31, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of International Seaways, Inc. (NYSE: INSW) and Diamond S Shipping Inc. is fair to International Seaways shareholders. Upon completion of the merger, International Seaways and Diamond S shareholders will own approximately 55.75% and 44.25% of the combined company, respectively.
The investigation concerns whether International Seaways and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for International Seaways shareholders; and (2) disclose all material information necessary for International Seaways shareholders to adequately assess and value the merger consideration. On behalf of International Seaways shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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