CLAVE 1 / 4$370 million valuation for Bruton Limited, including four VLCCs.
CLAVE 2 / 4Seaways to issue 3.12 million INSW shares, 96% of the consideration.
CLAVE 3 / 4Bruton’s fleet includes one operational VLCC and three newbuildings due by October 2027.
CLAVE 4 / 4First-step exchange settles on or about October 20, merger vote on October 30.
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