OMI board exploring strategic alternatives for company

By Lisa Kerner

Charlotte, N.C., March 16 - OMI Corp. said its board of directors will evaluate strategic alternatives to enhance shareholder value with the assistance of financial advisers Perella Weinberg Partners and Fearnley Fonds.

The alternatives could include continued execution of OMI's operating plan, a sale or merger of the company or other strategic transactions, according to a company news release.

OMI, based in Stamford, Conn., owns and operates tankers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.