Reports in Brazil say the tycoon, who controls two thirds ofSao Paulo-listed OSX made the offer as he seeks to sow up a deal with two majorcreditors owed a total of BRL 1.6bn ($733m).
After months of speculation, OGX succumbed to what many sawas inevitable and requested shelter from the courts this week.
Rumours then emerged that the shipbuilder could follow suitas early as today.
In response OSX issued a stock exchange statement saying it didnot rule out the possibility of seeking legal protection.
The company says it is business as usual for now though itis prepared to take any action necessary to protect its shareholders.
“The Company may exercise the judicial recovery request, ifits management understands that this is the most adequate measure to be takenin order to preserve the continuity of its business and to protect OSX andstakeholders best interests,” the statement said.
OSX says it is deep in talks with creditors over arestructuring as well as with potential business partners.
As TradeWinds recently reported, Spanish offshoreconstruction company Dragados has been linked with a takeover while Brazil’s Asgaardhas also been mentioned.
Shares in OSX tumbled by 27% to end yesterday at a year lowof BRL 0.45 apiece compared to a high of BRL 10.25 at the turn of the year.
