Overseas Shipholding Group (OSG) has agreed to provide sensitive business information to its top shareholder as part of a process in which it is reviewing a takeover bid.
The New York-listed shipowner said in a filing with US securities regulators that it has signed a non-disclosure agreement (NDA) with Cyrus Capital Partners effective on 11 June under which it will provide certain confidential information "for the sole purpose of evaluating its investment in [the] disclosing party".
