Common Contracts
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TRANSACTION PROPOSED — YOUR VOTE IS VERY IMPORTANTQuestions and Answers • May 4th, 2021
On March 30, 2021, International Seaways, Inc., or INSW, Dispatch Transaction Sub, Inc., a wholly owned subsidiary of INSW, or Merger Sub, and Diamond S Shipping Inc., or Diamond S, entered into an Agreement and Plan of Merger, or the merger agreement, pursuant to which, subject to approval of INSW stockholders and Diamond S shareholders and the satisfaction or (to the extent permitted by law) waiver of other specified closing conditions, INSW and Diamond S will combine in an all- stock merger of equals, or the merger. At the completion of the merger, Merger Sub will merge with and into Diamond S, with Diamond S surviving the merger and becoming a wholly owned subsidiary of INSW. Each of the common stock of INSW and the common stock of Diamond S is traded on the New York Stock Exchange, or the NYSE, under the symbols “INSW” and “DSSI,” respectively. The common stock of the combined company will be listed on the NYSE under the symbol “INSW.”
