OMI On the Block

Shares surge after the oil tanker concern says it's exploring options.
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Oil tanker operator



said Friday that it is exploring strategic options, including a potential company sale.

The company has hired Perella Weinberg Partners and Fearnley Fonds as advisers in the process.

OMI said it won't disclose any developments in the process until the review has been completed.

Shares of the company were surging $2.63, or 11.5%, to $25.56 in premarket trading.