AcquisitionOct 16, 2026Pending
🇧🇲 Bermuda
BLBruton LimitedISInternational Seaways, Inc.
Industrials › Transportation & Logistics
Deal valueUndisclosed
AnnouncedOct 16, 2026
ConsiderationCash and stock
StructureNot stated
RegionNorth America
Cross-borderYes
Contingent paymentNo
Overview
International Seaways, Inc. agreed to acquire Bruton Limited through the merger of Bravo Ltd. with and into Bruton Limited, with Bruton Limited surviving as an indirect wholly-owned subsidiary of International Seaways. The merger consideration consists of Parent shares and cash for Cashout Shares, and certain Company shareholders agreed to exchange NDRs for Parent shares at an exchange ratio of 0.05190.
Deal rationale
The Company Board determined that the merger is fair to and in the best interests of the Company and its shareholders.
AI-generated from the SEC filingPendingIndustrials › Transportation & LogisticsBermudaNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash and stock |
Advisors
Buy-side
MMoelis & Company
Sell-side
MSMorgan Stanley
Parties
Target
BLBruton Limited
- Headquarters
- Bermuda
- Ticker
- —
Acquirer
ISInternational Seaways, Inc.
- Headquarters
- Marshall Islands
- Ticker
- —