Overseas Shipholding buyback tab to $151M so far

By Associated Press
September 16, 2008 | Comments (0)

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Overseas Shipholding Group Inc., which owns and operates crude-oil tankers, said on Tuesday that it has repurchased 2.1 million shares since announcing a buyback program on June 9.

The company said it bought the shares at an average of $70.90, or $151 million, out of the $250 million program.

As of Monday the company had 28.4 million shares outstanding.

Overseas Shipholding shares rose $1.83, or 2.9 percent, to $65.10 in afternoon trading.

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