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via finance.yahoo.comBusiness & Companies

International Seaways agrees to acquire Bruton for about $370 million

FROM THE WIRE · FINANCE.YAHOO.COM

International Seaways (INSW) has put fresh attention on its stock after agreeing to acquire Bruton Limited for about $370 million, adding four Very Large Crude Carriers to its roughly 70 vessel fleet. International Seaways' headline moves, from the Bruton deal to stronger…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe deal expands the fleet and supports preliminary third-quarter guidance.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01International Seaways agreed to acquire Bruton Limited for about 370 million dollars.
  2. 02The deal adds four Very Large Crude Carriers to a fleet of roughly 70 vessels.
  3. 03Preliminary third-quarter guidance is stronger.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
International Seaways, Inc.INSWStock109.99 USDMarket closedtoday -2.76%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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