Mergers & Acquisitions ·
International Seaways issues 1.62M shares to acquire ~50.5% stake in Bruton Limited
INSWInternational Seaways, Inc.
On October 20 and 21, 2026, International Seaways completed previously announced exchange transactions with shareholders holding Norwegian depositary receipts representing approximately 50.5% of Bruton Limited’s outstanding common shares. Participating shareholders exchanged their interests for an aggregate of 1,624,036 shares of International Seaways common stock. The unregistered securities were issued in reliance on Section 4(a)(2) exemptions based on the nature of the exchanges and shareholder representations. This transaction consolidates a majority stake in Bruton Limited into International Seaways' portfolio. International Seaways operates as an owner and operator of crude oil tankers.