OSG America L.P. Common Units Delisted
18 December 2009 - 9:01AM
Business Wire
OSG America, L.P. (OSG America or the Partnership; NYSE: OSP),
the largest operator of U.S. Flag product carriers and ocean-going
barges transporting refined petroleum products, today reported that
Partnership’s common units (the “Units”) will be delisted from the
New York Stock Exchange and are no longer publicly traded.
On December 17, 2009, Overseas Shipholding Group, Inc. and OSG
Bulk Ships, Inc. purchased all of the Partnership’s outstanding
Units.
ABOUT OSG AMERICA L.P.
OSG America L.P. is the largest operator of U.S. Flag product
carriers and ocean-going barges transporting refined petroleum
products, based on barrel-carrying capacity. OSG America has an
operating fleet of 23 Handysize product carriers and tug barges
that trade primarily in the Jones Act market. OSG America L.P.'s
limited partner units are listed on the New York Stock Exchange and
trade under the symbol "OSP." More information is available at
www.osgamerica.com.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements
regarding the Partnership’s prospects. These statements are based
on certain assumptions made by the Partnership based on its
experience and perception of historical trends, current conditions,
expected future developments and other factors it believes are
appropriate in the circumstances. Forward-looking statements are
subject to a number of risks, uncertainties and assumptions, many
of which are beyond the control of the Partnership, which may cause
actual results to differ materially from those implied or expressed
by the forward-look statements. Factors, risks and uncertainties
that could cause actual results to differ from expectations
reflected in such forward-looking statements are described in the
Partnership’s Annual Report on Form 10-K for 2008 and those risks
discussed in other reports the Partnership files with the
Securities and Exchange Commission.
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