International Seaways To Acquire Bruton In About $370M Deal, Buying 50.5% Directly, Adding 4 VLCCs; To Issue About 3.12M INSW Shares

Seaways has entered into exchange agreements with Bruton shareholders holding approximately 50.5% of Bruton’s outstanding common shares, to immediately acquire those shares in exchange for 0.0519 INSW shares for each Bruton share held (the "First-Step Exchange"). The First-Step Exchange transactions are expected to settle on or about October 20, 2026.